The Assam Agricultural Framing Corporations Act, 1973

{
    "id": 13882,
    "slug": "the-assam-agricultural-framing-corporations-act-1973",
    "title": "The Assam Agricultural Framing Corporations Act, 1973",
    "short_title": "The Assam Agricultural Framing Corporations Act, 1973",
    "act_number": "Assam Act No. 7 of 1973",
    "act_year": 1973,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "The Assam Agricultural Framing Corporations Act, 1973",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title, extent and commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(a) \"Agricultural Farming Corporation\" means a Corporation registered under Section 4 of this Act;\n(b) \"Agricultural produce\" means the produce of agriculture;\n(c) \"Agriculture\" includes raising of seasonal crops, horticulture, pisciculture, poultry, animal husbandry and sericulture;\n(d) \"Agriculturist\" means a person who is ordinarily engaged by himself in and whose principal means of livelihood is derived from the production of agricultural produce :\n(e) \"Agriculturist Member\" means an agriculturist member as defined in sub-section (6) of Section 7 of this Act;\n(f) \"Annual General Meeting\" means the annual genera! meeting of a Corporation as mentioned in sub-section (1) of Section 17 of this Act;\n(g) \"Authorised Ordinary Share Capital\" means the authorised ordinary share capital of a Corporation as mentioned under Section 7 of this Act;\n(h) \"Board\" or \"Board of Directors\" means the Board of Directors of a Corporation :\n(i) \"Bye-laws\" means the bye-laws made under Section 30 of this Act;\n(j) \"Chairman\" means the Chairman of the Board of Directors of a Corporation;\n(k) \"Controller\" means the officer appointed as Controller by the State Government under Section 25 of this Act;\n(l) \"Corporation\" means an Agricultural Farming Corporation;\n(m) \"Director\" means a member of the Board of Directors of a Corporation;\n(n) \"General Meeting\" means either an annual general meeting or a special meeting of a Corporation;\n(o) \"Family\" means a family of which member are descendants from a common ancestor and have a common mess, and shall include husband, wife or both, as the case may be, but shall exclude married daughters, married sons and their children;\n(p) \"Member\" means a holder of one or more ordinary shares in a Corporation;\n(q) \"Memorandum\" or \"Memorandum of Association\" means a Memorandum of Association of a Corporation as mentioned in Section 6 of this Act;\n(r) \"Act\" means the Assam Agricultural Farming Corporations Act, 1973;\n(s) \"Ordinary Share Capital\" means the authorised ordinary share capital of a Corporation;\n(t) \"Ordinary Share\" means an ordinary share of the authorised ordinary share capital of a Corporation;\n(u) \"Prescribed\" means prescribed by rules made under this Act;\n(v) \"Share holder\" means a person holding either ordinary or preference share or shares in a Corporation;\n(w) \"Share Capital\" , includes ordinary and preference share capital of a Corporation;\n(x) \"Special General Meeting\" means a special general meeting as mentioned in Section 18 of this Act.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Formation of an Agricultural Farming Corporation.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Registration of Farming Corporation.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Effect of registration.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Memorandum of Association.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Share capital and members.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Membership admission, rights, duties.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Cessation of membership.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "10",
            "title": "10. Register of share-holders.",
            "chapter": null,
            "content": "(i) the names and address of the share-holders and a statement of the shares held by them, distinguishing each share by its denoting number;\n(ii) the date on which a person is entered as a share-holder;\n(iii) the date on which any person ceases to be a share-holder; and\n(iv) such other particulars as may be prescribed.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "11",
            "title": "11. Management.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "12",
            "title": "12. Board of Directors.",
            "chapter": null,
            "content": "(a) not less than one half of the total number of Directors to be nominated by the State Government;\n(b) remaining number of Directors to be elected at the annual general meeting in the manner prescribed;\n(c) a Chairman to be elected from among themselves by the Directors in the manner prescribed, who shall be known as the Chairman of the Corporation:",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "13",
            "title": "13. Term of office and retirement of Directors.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "14",
            "title": "14. Disqualifications.",
            "chapter": null,
            "content": "(a) is of unsound mind and stands so declared by a competent Court; or\n(b) is or has been convicted of any offence which, in the opinion of the State Government, involves moral turpitude.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 13
        },
        {
            "number": "15",
            "title": "15. Vacation and resignation of office by directors.",
            "chapter": null,
            "content": "(a) becomes subject to any disqualification mentioned in Section 12; or\n(b) is absent without leave of the Board for more than three consecutive meetings thereof, his seat shall thereupon become vacant.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 14
        },
        {
            "number": "16",
            "title": "16. Meeting of Board.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 15
        },
        {
            "number": "17",
            "title": "17. Annual General Meeting.",
            "chapter": null,
            "content": "(a) pass the audited accounts of the Corporation for the previous financial year ending on the 31st December of the preceding year;\n(b) elect from among the agriculturists members persons to fill vacancies caused among the elected Director of the Board;\n(c) pass the budget and approve the programme of work of the Corporation for the year.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 16
        },
        {
            "number": "18",
            "title": "18. Special General Meeting.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 17
        },
        {
            "number": "19",
            "title": "19. Voting rights.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 18
        },
        {
            "number": "20",
            "title": "20. Quorum.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 19
        },
        {
            "number": "21",
            "title": "21. Use of land and other property.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "22",
            "title": "22. Payment of dues for common services.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 21
        },
        {
            "number": "23",
            "title": "23. Modern agricultural practice to be followed and produce sold through Corporation.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 22
        },
        {
            "number": "24",
            "title": "24. Ejectment of unauthorised occupants of land or property of a Corporation.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 23
        },
        {
            "number": "25",
            "title": "25. Supervision, control and guidance.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 24
        },
        {
            "number": "25A",
            "title": "25A. State Level Co-ordination Committee.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 25
        },
        {
            "number": "26",
            "title": "26. Validity of decision of meetings.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 26
        },
        {
            "number": "27",
            "title": "27. Accounts and audit.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 27
        },
        {
            "number": "28",
            "title": "28. Staff of the Corporation.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 28
        },
        {
            "number": "29",
            "title": "29. Power to make Rules.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 29
        },
        {
            "number": "30",
            "title": "30. Power to make by-laws.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "31",
            "title": "31. Power to supersede or dissolve the Corporation in case in incompetence, defaults or abuse of power.",
            "chapter": null,
            "content": "(a) supersede the Board for such period as deemed necessary and appoint an ad hoc body to carry on the functions of the Board until such time as the State Government may decide, or\n(b) dissolve the Corporation :",
            "footnote": "",
            "is_definition": false,
            "sort_order": 31
        },
        {
            "number": "32",
            "title": "32. Protection of acts done in good faith.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 32
        },
        {
            "number": "33",
            "title": "33. Limited liability of members.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 33
        },
        {
            "number": "34",
            "title": "34. Repeal and savings.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 34
        }
    ],
    "metadata": {
        "Act ID": "Last Updated 10th February, 2020 [ass029]",
        "Act Number": "Assam Act No. 7 of 1973",
        "Enactment Date": "",
        "Act Year": "1973",
        "Short Title": "The Assam Agricultural Framing Corporations Act, 1973",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:55:18"
}