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  2. Bare Acts
  3. WBBCDFC Act
  4. Section 3

WBBCDFC Act

Overview
  • 1Short title, extent and commencement
  • 2Definitions
  • 3Incorporation
  • 4Constitution of the Corporation
  • 5Disqualifications for membership
  • 6Resignation of Chairman, Vice-Chairman and other members
  • 7Removal from office of Chairman, Vice-Chairman or other members
  • 8Validity of acts and proceedings
  • 9Transaction of business
  • 10Managing Director, General Manager, Chief Accounts Officer and other staff
  • 11Officers and other employees of the Corporation not to have any interest in contract etc
  • 12Conferment of powers on Managing Director
  • 13Authentication
  • 14Functions of the Corporation
  • 15Powers of the Corporation
  • 16Acquisition of land
  • 17The Corporation to act on business principles
  • 18Capital of the Corporation
  • 19Additional capital
  • 20Guarantee by State Government in respect of shares
Previous: Section 2Next: Section 4
WBBCDFC Act 3

Section 3 · Incorporation

Text size — level 1 of 4

(1)

The State Government may, by notification, establish a Corporation to be known as the West Bengal Backward Classes Development and Finance Corporation.

(2)

The Corporation shall be a body corporate by the name notified under sub-section (1), having perpetual succession and a common seal, and shall by the said name sue and be sued.

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