Section 0

Chapter VII: ## MISCELLANEOUS CHAPTER VII MISCELLANEOUS 32. Defects in appointments not to invalidate acts, etc., of Board. 33. Protection of acts done in good faith. 34. Indemnity of directors. 35. Obligation as to fidelity and secrecy. 36. Recruitment of additional officers and other employees. 37. Liquidation only under orders of Central Government. 38. Delegation of certain powers by Central Government. 39. Transitional provisions for auditors. 40. Transitional provisions with regard to Chairman and Board. 41. Management or assistance to others to continue. 42. Mother Dairy to be a subsidiary unit of National Dairy Development Board. 43. Formation of companies with previous approval of Central Government. 44. [ Omitted ] 45. Returns. 46. Power to make schemes and regulations regarding service matters retrospectively. 47. Act to have overriding effect. 48. Power to make regulations. 49. Power to remove difficulties. 50. Schemes and regulations to be laid before Parliament. - THE SCHEDULE THE NATIONAL DAIRY DEVELOPMENT BOARD ACT, 1987 ACT NO. 37 OF 1987 [15 th September , 1987.] Chapter VII: ## MISCELLANEOUS An Act to declare the institution known as the National Dairy Development Board in the State of Gujarat to be an institution of national importance and to provide for its incorporation and for the vesting in that body corporate of the undertakings of the Indian Dairy Corporation with a view to provide for the administration and the carrying on of the functions to be performed by the body corporate more effectively throughout the country and for matters connected therewith and incidental thereto. WHEREAS the National Dairy Development Board, a society formed and registered under the Societies Registration Act, 1860 (21 of 1860) has been serving the country by the adoption of a co-operative strategy, being a strategy evolved at Anand (Gujarat), for the economic development of the rural masses and has been playing a vital role in improving the quality of life of the people through co-operative effort; Societies Registration Act, 1860 (21 of 1860) has been serving the country by the adoption of a rural masses and has been playing a vital role in improving the quality of life of the people through AND WHEREAS the objects of the National Dairy Development Board are such as to make it an institution of national importance and to constitute it as a body corporate; Chapter VII: ## MISCELLANEOUS AND WHEREAS the functions of the Indian Dairy Corporation, a company formed and registered under the Companies Act, 1956 (1 of 1956), and the functions of the National Dairy Development Board are complementary to each other and aimed at achieving common objectives; AND WHEREAS it is necessary that the freedom and flexibility of operation hitherto available to the National Dairy Development Board should continue to be available to it so as to enable it to perform its functions more effectively and to play a wider and increasingly important role in serving the nation; AND WHEREAS it is considered necessary to vest the undertakings of the Indian Dairy Corporation in the National Dairy Development Board and to dissolve the said Corporation with a view to provide for the administration and the carrying on of the functions to be performed by the body corporate more effectively. BE it enacted by Parliament in the Thirty-eighth Year of the Republic of India as follows: —