Incorporation of Town and Country Development Authority

Every Town and Country Development Authority shall be a body corporate by the name specified in the notification under section 38 and shall have perpetual succession and a common seal and shall have power to acquire and hold both movable and immovable property and subject to the provisions of this Act or any rules made thereunder, to transfer any property held by it, to contract and to do all such other things as may be necessary for the purposes of this Act and may sue and be sued by its corporate name.