Section 3 of IWAI : Section 3: Constitution And Incorporation Of The Inland Waterways Authority Of India

Explanation using Example

Imagine the Central Government of India decides to improve the transportation of goods through the country's vast network of rivers. To achieve this, they plan to establish a dedicated body to manage and develop the inland waterways. They pass a notification in the Official Gazette, stating that as of July 1, 2023, the Inland Waterways Authority of India (IWAI) will be officially constituted as per Section 3 of The Inland Waterways Authority of India Act, 1985.

Once established, the IWAI becomes a body corporate, which means it is a legal entity that can own property, enter into contracts, and be i...

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