Page 109 - GSTL_3rd September 2020_Vol 40_Part 1

2020 ] KARNATAKA INDUSTRIAL AREAS DEV. BOARD v. COMMR. OF CENTRAL TAX 43
ment and orderly development of industries therein, and for that purpose
to establish an Industrial Areas Development Board and for purposes con-
nected with the matters aforesaid.
Relevant Sections :-
5. Establishment and incorporation. - (1) For the purposes of securing
the establishment of industrial areas in the State of Karnataka and generally
for promoting the rapid and orderly establishment and development of in-
dustries and for providing industrial infrastructural facilities and amenity
in industrial areas in the State of Karnataka, there shall be established by
the State Government by notification a Board by the name of the Karnataka
Industrial Areas Development Board.
(2) The said Board shall be a body corporate with perpetual succession
and a common seal, and may sue and be sued in its corporate name, and
shall subject to the provisions of this Act and the rules made thereunder be
competent to acquire, hold and dispose of property, both movable and im-
movable, and to contract and do all things necessary for the purposes of
this Act.
6. Constitution. - The Board shall consist of the following members,
namely : -
(a) the Secretary to the Government of Karnataka , Commerce
and Industries Department who shall ex-officio be the Chair-
man of the Board;
(b) the Secretary to the Government of Karnataka , Finance De-
partment;
(c) the Secretary to Government, Housing and Urban Develop-
ment Department;
(ca) the Commissioner for Industrial Development and Director of
Industries and Commerce;
(cb) the Chairman and Managing Director, Karnataka State Indus-
trial Investment and Development Corporation Limited;
(cc) the Chairman, Karnataka State Pollution Control Board;
(cd) the Director of Town Planning;
(ce) the Managing Director, Karnataka State Small Industries De-
velopment Corporation Limited;
(cf) the Managing Director, Karnataka State Financial Corpora-
tion.
(d) the Executive Member of the Board; and
(e) two nominees of the Industrial Development Bank of India.
7. Term of office and conditions of service of members. -
(1) xxx
(2) The members of the Board shall be entitled to draw such compensato-
ry allowance as may be prescribed, for the purpose of meeting the personal
expenditure incurred in attending the meetings of the Board or any Com-
mittee thereof or when appointed in connection with the work undertaken
by or for the Board.
13. Functions. - The functions of the Board shall be, -
(i) generally, to promote and assist in the rapid and orderly establishment,
growth and development of industries and to provide industrial infrastruc-
tural facilities and amenity in industrial areas, and
GST LAW TIMES  3rd September 2020  125