Section 3 of NJBA : Section 3: Constitution And Incorporation Of Board
NJBA
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Explanation using Example
Imagine a scenario where the Indian government decides to boost the jute industry, which is vital for the economy of several states, including West Bengal. To achieve this, the government enacts the National Jute Board Act, 2008. As per Section 3 of this Act, the government officially announces the creation of the National Jute Board through a notification in the Gazette.
The Board, now a legal entity with its office in Kolkata, has the authority to own property, e...
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