Haryana Urban Development Authority (Investment of Funds) Rules, 1995

{
    "id": 17130,
    "slug": "haryana-urban-development-authority-investment-of-funds-rules-1995",
    "title": "Haryana Urban Development Authority (Investment of Funds) Rules, 1995",
    "short_title": "Haryana Urban Development Authority (Investment of Funds) Rules, 1995",
    "act_number": "Published vide Haryana Government Notification No.",
    "act_year": 1995,
    "act_type": "STATE",
    "location": "Haryana",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "Haryana Urban Development Authority (Investment of Funds) Rules, 1995",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(a) \"Act\" means the Haryana Urban Development Authority Act, 1977;\n(b) any other expression used in these rules shall have the same meaning as is assigned to it in the Act.\nPart II\nInvestment of Funds",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Manner and extent of Investment.",
            "chapter": null,
            "content": "[(aa) The Authority may subscribe to the equity shares of a Government Company under the Companies Act, 1956 and further invest its funds in the form of equity shares, fully convertible/partly convertible preference shares into equity shares, non convertible preference shares, fully convertible/partly convertible debentures and bonds into equity shares, non convertible debentures and bond or in any other equity linked instruments, including warrants and options, of such company in such manner and to the extent as may be approved by the Authority.]\n(b) The participation will however be made on case to case basis depending upon the merits of the proposal after getting the approval of the Authority and the Government.\n(c) The Authority may decide the pattern of equity participation, management structure and other related issues on case to case basis.\n(d) The income arising from such investment will be credited to the funds of the Authority, which will further be utilised within the objectives and ambit of the Act.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        }
    ],
    "metadata": {
        "Act ID": "hl738",
        "Act Number": "Published vide Haryana Government Notification No. GSR 80/H.A. 13/77/S.53/95, dated 16.10.1995",
        "Enactment Date": "",
        "Act Year": "1995",
        "Short Title": "Haryana Urban Development Authority (Investment of Funds) Rules, 1995",
        "Type": "STATE",
        "Location": "Haryana"
    },
    "updated_at": "2026-09-29 21:55:19"
}