THE NATIONAL DAIRY DEVELOPMENT BOARD ACT, 1987

ACT NO. 37 OF 1987 · Enacted [15th September, 1987.] · 50 sections

PRELIMINARY

Section 1.Short title and commencement.

Section 2.Declaration of National Dairy Development Board as an institution of national importance.

Section 3.Definitions.

THE NATIONAL DAIRY DEVELOPMENT BOARD

Section 4.Incorporation of National Dairy Development Board.

Section 5.Vesting of undertakings of Indian Dairy Corporation in National Dairy Development Board and dissolution of Indian Dairy Corporation.

Section 6.Effect of incorporation of National Dairy Development Board.

Section 7.Saving of legal proceedings.

MANAGEMENT OF THE NATIONAL DAIRY DEVELOPMENT BOARD

Section 8.Management of National Dairy Development Board and composition of its Board of Directors.

Section 9.Terms of office and conditions of service, etc., of Chairman and directors.

Section 10.Meetings of Board.

Section 11.Manner of transacting business of Board.

Section 12.Management committees.

Section 13.Allowances, etc., of members of management committees.

Section 14.Delegation of powers to management committees, etc.

Section 15.Delegation of powers to whole-time directors, etc.

POWERS AND FUNCTIONS OF THE NATIONAL DAIRY DEVELOPMENT BOARD

Section 16.Powers and functions of National Dairy Development Board.

PROVISIONS RELATING TO DIRECTORS AND EMPLOYEES OF THE NATIONAL DAIRY DEVELOPMENT BOARD

Section 17.Provisions regarding members of board of society and directors of dissolved company.

Section 18.Provisions relating to officers and other employees of society and of dissolved company.

Section 19.Power of Board to restructure and streamline organisational and functional set-up of National Dairy Development Board to secure utmost efficiency in functioning.

Section 20.Schemes regarding compensation to redundant employees, etc.

Section 21.Compensation for transfer of employees not payable.

Section 22.Provident fund, gratuity, welfare and other funds.

FINANCE, ACCOUNTS AND AUDIT

Section 23.Borrowing powers of Board.

Section 24.Grants and loans by Central Government.

Section 25.Grants, donations, etc.

Section 26.National Dairy Development Board Fund.

Section 27.Preparation of accounts and balance-sheet.

Section 28.Audit.

Section 29.Reports to be laid before Parliament.

Section 30.Power to call for repayment before agreed period.

Section 31.Special provisions for enforcement of claims by National Dairy Development Board.

MISCELLANEOUS

Section 32.Defects in appointments not to invalidate acts, etc., of Board.

Section 33.Protection of acts done in good faith.

Section 34.Indemnity of directors.

Section 35.Obligation as to fidelity and secrecy.

Section 36.Recruitment of additional officers and other employees.

Section 37.Liquidation only under orders of Central Government.

Section 38.Delegation of certain powers by Central Government.

Section 39.Transitional provisions for auditors.

Section 40.Transitional provisions with regard to Chairman and Board.

Section 41.Management or assistance to others to continue.

Section 42.Mother Dairy to be a subsidiary unit of National Dairy Development Board.

Section 43.Formation of companies with previous approval of Central Government.

Section 44.[Omitted]

Section 45.Returns.

Section 46.Power to make schemes and regulations regarding service matters retrospectively.

Section 47.Act to have overriding effect.

Section 48.Power to make regulations.

Section 49.Power to remove difficulties.

Section 50.Schemes and regulations to be laid before Parliament.