| TAMIL NADU GOVERNMENT GAZETTE PUBLISHED BY AUTHORITY EXTRAORDINARY | ||
No. 22] CHENNAI, FRIDAY, JANUARY 18, 2019 Thai 4, Vilambi, Thiruvalluvar Aandu–2050
Part IV—Section 2
Tamil Nadu Acts and Ordinances
The following Act of the Tamil Nadu Legislative Assembly received the assent of the Governor on the 16th January 2019 and is hereby published for general information:—
ACT No. 8 of 2019.
An Act to amend the Tamil Nadu Industrial Township Area
Development Authority Act, 1997.
B(cid:3469) it enacted by the Legislative Assembly of the State of Tamil Nadu in the
Sixty-ninth Year of the Republic of India as follows:—
1. (1) This Act may be called the Tamil Nadu Industrial Township Area
Development Authority (Amendment) Act, 2019.
Short title and commence- ment.
(2) It shall come into force at once.
Tamil Nadu Act
2. In section 2 of the Tamil Nadu Industrial Township Area Development Amendment of section 2.
33 of 1997. Authority Act, 1997 (hereinafter referred to as the principal Act), after clause (e), the
following clause shall be added, namely:—
"(f) "Special Purpose Vehicle" means a Government company as defi ned
in clause (45) of section 2 of the Companies Act, 2013 (Central Act 18 of 2013),
formed for industrial development or any related purpose including planning and
development, administering the affairs of, or maintaining of, the industrial area.".
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY 30Insertion of new 3. After section 23 of the principal Act, the following section shall be inserted,
section 23-A.
namely:—
"23-A. Delegation of powers and functions.—
(1) The Authority may, with the prior approval of the Government, delegate all
or any of its powers and functions, except the powers under section 25, for a period
not exceeding thirty years at a time:
Provided that the period for which the delegation given under this section
may be different for different kinds of powers and functions.
(2) The powers and functions delegated under sub-section (1) shall stand
withdrawn if the said Special Purpose Vehicle ceases to be a Government company.".
(By order of the Governor)
S.S. POOVALINGAM, Secretary to Government, Law Department.