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Andhra Pradesh State Development Corporation Act, 2020 (Act No. 33 of 2020).

Country/Territory
India
Territorial subdivision
Andhra Pradesh
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Long title
An Act to provide statutory status to and for strengthening the Andhra Pradesh State Development Corporation (APSDC) for the purposes of planning, funding and financing the economic and social development projects and activities in alignment with sustainable development goals; for entrusting of schemes to the corporation; for assignment of revenues to the corporation; for raising finances for social welfare and development projects in the state of Andhra Pradesh and for matters connected therewith and ancillary thereto.
Subject
Agricultural & rural development, Water, General
Keyword
Contract/agreement Data collection/reporting Dispute settlement Education Financing Gender Governance Institution Offences/penalties Policy/planning Poverty Public health Public private partnership (PPP) Social protection Sustainable development Agricultural development Right to water Freshwater resources management Human rights
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Entry into force notes
This Act shall be deemed to have come into force on and from the 29 September 2020.
Abstract

This Act provides statutory status to the Andhra Pradesh State Development Corporation Limited (Corporation) established in 2020 as a public limited company incorporated under the Companies Act, 2013. It provides for the Shareholding Pattern, Board of Directors, Officers and Employees of the Corporation. The Act lays down the objectives of the Corporation including providing necessary support acting as an enabler for the key socio-economic Sustainable Development Goals across multiple domains viz. Poverty Eradication & Livelihood Enhancement [SDG-1], Doubling Agricultural Productivity and Farmer’s Incomes [SDG-2], Reliable & Universal Healthcare[SDG-3], Inclusive & Equitable Quality Education [SDG-4], Women Empowerment [SDG-5], Clean Water & Sanitation[SDG-6], Housing for Poor [SDG-11]. It also lays down the other core activities of the Corporation, functions and powers, and provision for finances. The government may assign such schemes which fulfil the core objectives of the Corporation. The Corporation shall maintain accounts of its fund which will be audited, it shall prepare and submit to the Shareholders/ State Government annual reports.

Full text
English
Website
www.indiacode.nic.in