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Section 70 - Major Port Authorities Act, 2021
The Major Port Authorities Act, 2021
70. Corporate Social Responsibility and development of infrastructure by Board.-
(1) The Board may use its funds for providing social benefits including development of infrastructure in areas of education, health, housing, accommodation, skill development, training and recreational activities for its own employees, customers, business partners, Government and Non-Government Organisation, local communities, environment and society at large.
(2) The manner of utilisation of funds for the Corporate Social Responsibility shall be such, as may be prescribed.
Explanation.-For the purposes of this section, the expression "Corporate Social Responsibility" means the activities, to be undertaken by the concerned Major Port, as referred to in sub-section (1) and section 135 of the Companies Act, 2013 (18 of 2013).
Related Sections
- Section 46: Power of Central Government to order survey or examination of works of Board
- Section 48: Power of Central Government to take over management of Board
- Section 19: Authentication of orders and other instruments of Board
- Section 3: Constitution and composition of Board of Major Port Authority
- Section 30: Sale of goods and application of sale proceeds in certain cases