29. Transfer of assets and liabilities of Central Government, etc., to Board.—(1) As from the
appointed day in relation to any port—
(a) all property, assets and funds 5
[and all rights to levy rates] vested in the Central Government
or, as the case may be, any other authority for the purposes of the port immediately before such day,
shall vest in the Board;
(b) all debts, obligations and liabilities incurred, all contracts entered into and all matters and
things engaged to be done, by, with or for the Central Government or, as the case may be, the other
authority immediately before such day, for or in connection with the purposes of the port, shall be
deemed to have been incurred, entered into and engaged to be done by, with or for the Board;
1. Subs. by Act 29 of 1974, s. 11, for “the Board” (w.e.f. 1-2-1975).
2. Subs. by s. 12, ibid., for section 27 (w.e.f. 1-2-1975).
3. Subs. by Act 17 of 1982, s. 9, for “exceeds two thousand rupees, be exercisable by the Central Government;”
(w.e.f. 31-5-1982).
4. Ins. by s. 10, ibid. (w.e.f. 31-5-1982).
5. Ins. by Act 29 of 1974, s. 13 (w.e.f. 1-2-1975).
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(c) all non-recurring expenditure incurred by the Central Government or any State Government
for or in connection with the purposes of the port up to such day and declared to be capital
expenditure by the Central Government shall be treated as the capital provided by the Central
Government or, as the case may be, the State Government to the Board;
(d) all rates, fees, rents and other sums of money due to the Central Government or, as the case
may be, the other authority in relation to the port immediately before such day shall be deemed to be
due to the Board;
(e) all suits and other legal proceedings instituted by or against the Central Government or, as the
case may be, the other authority immediately before such day for any matter in relation to the port
may be continued by or against the Board;
(f) every employee serving under the Central Government or, as the case may be, the other
authority immediately before such day solely or mainly for or in connection with the affairs of the
port shall become an employee of the Board, shall hold his office or service therein by the same
tenure and upon the same terms and conditions of service as he would have held the same if the Board
had not been established and shall continue to do so unless and until his employment in the Board is
terminated or until his tenure, remuneration or terms and conditions of service are duly altered by the
Board:
Provided that the tenure, remuneration and terms and conditions of service of any such employee
shall not be altered to his disadvantage without the previous sanction of the Central Government.
(2) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), or in any
other law for the time being in force, the transfer of the services of any employee under this section to the
Board shall not entitle such employee to any compensation under that Act or other law, and no such claim
shall be entertained by any court, tribunal or other authority.
1
[(3) Notwithstanding anything contained in clause (a) of sub-section (1), the right to fix rates vested
in the Board shall vest in the Authority as from the date it is constituted under sub-section (1) of section
47A.]
30. Existing rates, etc., to continue until altered by Board.—As from the appointed day, all rates,
fees and other charges in relation to any port, shall, unless and until they are varied by the competent
authority in accordance with the provisions of this Act, continue to be levied and collected at the same
rate at which they were being levied and collected by the Central Government or, as the case may be, any
other authority immediately before such day.
31. Repayment of capital with interest.—A Board shall repay, at such intervals and on such terms
and conditions as the Central Government may determine, the amount of capital provided under clause (c)
of sub-section (1) of section 29 with interest at such rate as may be fixed by that Government and such
repayment of capital or payment of interest shall be deemed to be part of the expenditure of the Board.
32. Procedure when immovable Property cannot be acquired by agreement.—2
[When any
immovable property is required for the purposes of the Board], the Central Government may, at the
request of the Board, procure the acquisition thereof under the provisions of the Land Acquisition Act,
1894 (1 of 1894), and on payment by the Board of the compensation awarded under that Act and of the
charges incurred by the Government in connection with the proceedings, the land shall vest in the Board.
33. Contracts by Board.—Subject to the provisions of section 34, a Board shall be competent to
enter into and perform any contract necessary for the performance of its functions under this Act.
34. Mode of executing contracts on behalf of Board.—(1) Every contract shall, on behalf of a
Board, be made by the Chairman 3
[or by any such officer of the Board not below the rank of the Head of
1. Ins. by Act 15 of 1997, s. 11 (w.e.f. 9-1-1997).
2. Subs. by Act 29 of 1974, s. 14, for “Whenever any immovable property which is required for the purposes of the Board cannot
be acquired by agreement” (w.e.f. 1-2-1975).
3. Ins. by Act 17 of 1982, s. 11 (w.e.f. 31-5-1982).
17
a department as the Chairman may, by general or special order, authorise in this behalf] and shall be
sealed with the common seal of the Board:
Provided that no contract whereof the value or amount exceeds such value or amount as the Central
Government may from time to time fix in this behalf shall be made unless it has been previously approved
by the Board:
Provided further that no contract for the acquisition or sale of immovable property or for the lease of
any such property for a term exceeding thirty years, and no other contract whereof the value or amount
exceeds such value or amount as the Central Government may from time to time fix in this behalf, shall
be made unless it has been previously approved by the Central Government.
(2) Subject to the provisions of sub-section (1), the form and manner in which any contract shall be
made under this Act shall be such as may be prescribed by regulations made in this behalf.
(3) No contract which is not made in accordance with the provisions of this Act and the regulations
made thereunder shall be binding on the Board.