Section 43
Section 43
Subject to this Act the appropriate authority shall, by the order by which a board or corporation is established, make provisions in respect of the following:
(a)
the purposes and objects for which the board or corporation is established;
(b)
the right, powers, duties and functions of such board or corporation;
(c)
the terms of office and duties of the Chairman and members of the board or corporation;
(d)
the delegation of the duties, powers or functions of the board or corporation;
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(e)
the quorum, proceedings and meetings of the board or corporation;
(f)
the execution of instruments and the mode of entering into contracts by and on behalf of the board or corporation and the proof of documents purporting to be executed, issued or signed by the board or corporation or a member, officer or servant thereof;
(g)
the relations between the board or corporation and the appropriate authority and the rights of control over such board or corporation by the appropriate authority;
(h)
the system of management thereof;
(i)
the terms and conditions of service of its officers and servants.
(2)
Subject to this Act and to any provision made under subsection (1), a board or corporation shall have power to regulate its own procedure.
(3)
Nothing in this section shall be deemed to authorize the appropriate authority to establish any board or corporation for any purpose or object more extensive in scope than the purposes or objects for which the Authority was constituted or to confer on any board or corporation any right, duty, power or function which is not within the rights, duties, powers or functions of the
Authority under this Act.
(4)
The appropriate authority may by order published in the
Gazette direct that any board or corporation established by it shall be wound up and dissolved.
(5)
Upon the dissolution of any board or corporation under this section the assets of the board or corporation, as the case may be, after payment of all liabilities shall be transferred to and vested in the appropriate authority.
(6)
The winding up of a board or corporation under this section shall be conducted in such manner as may be prescribed.
(7)
In this section and section 44 the expression “appropriate authority” means the authority by which a board was established under section 30 or by which a corporation was established under section 42.
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