Lawgist3Constitution and incorporation of the Board
(1) The Central Government shall, by notification in the Official Gazette, constitute, for the purposes of this Act, a Board to be called the Technology Development Board.
(2) The Board shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to contract and shall, by the said name, sue and be sued.
(3) The Board shall consist of the following members, namely:--
(a) the Secretary to the Government of India incharge of the Ministry or Department of the Central Government dealing with Science and Technology ex officio Chairperson;
(b) the Secretary to the Government of India incharge of the Ministry or Department of the Central Government dealing with Scientific and Industrial Research ex officio;
(c) the Secretary to the Government of India incharge of the Ministry or Department of the Central Government dealing with Finance (Expenditure) ex officio;
(d) the Secretary to the Government of India incharge of the Ministry or Department of the Central Government dealing with Defence Research and Development ex officio;
(e) the Secretary to the Government of India incharge of the Ministry or Department of the Central Government dealing with Industrial Development ex officio;
(f) the Secretary to the Government of India incharge of the Ministry or Department of the Central Government dealing with Rural Development ex officio;
(g) such number of persons, not exceeding four as may be prescribed, to be appointed by the Central Government from amongst persons having experience in technology development and application, banking and finance, industry, agriculture and rural development; and
(h) Secretary of the Board. ex officio.
(4) The term of office and other conditions of service of members specified in clause (g) of sub-section (3) shall be such as may be prescribed.
(5) The Chairperson shall, in addition to presiding over the meetings of the Board, exercise and discharge such powers and duties of the Board as may be delegated to him by the Board and such other powers and duties as may be prescribed.
(6) No act or proceeding of the Board shall be invalidated merely by reason of--
(a) any vacancy in, or any defect in the constitution of, the Board;
(b) any defect in the appointment of a person acting as a member of the Board;
(c) any irregularity in the procedure of the Board not affecting the merits of the case.
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- 1 Short title and commencement
- 2 Definitions
- 3 Constitution and incorporation of the Board
- 4 Secretary and other officers and employees of the Board
- 5 Committees of the Board
- 6 Functions of the Board
- 7 Application for grant of financial assistance, etc
- 8 Grants and loans by the Central Government
- 9 Fund for Technology Development and Application
- 10 Transfer of money receipts and liabilities
- 11 Budget
- 12 Annual report
- 13 Accounts and audit
- 14 Annual report and auditor’s report to be laid before Parliament
- 15 Returns to be furnished to the Board
- 16 Power of the Central Government to issue directions
- 17 Power of Central Government to supersede the Board
- 18 Delegation
- 19 Members, officers and employees of the Board to be public servants
- 20 Protection of action taken in good faith
- 21 Power of Central Government to make rules
- 22 Power of Board to make regulations
- 23 Rules and regulations to be laid before Parliament
