LawgistThe National Dairy Development Board Act
34Indemnity of directors
Every director shall be indemnified by the National Dairy Development Board against all losses and expenses incurred by him, in, or in relation to, the discharge of his duties, except such as are caused by his own wilful act or default.
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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 Omitte
- 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
