(2) The Development Authority established under sub-section (1) shall be a body corporate, having perpetual succession and a common seal and may sue or be sued in its corporate name with power to contract, acquire and hold and dispose of property, both movable and immovable ; and to do all things necessary for the purposes of this Act.
(3) The Headquarters of the Development Authority shall be at Osmanabad and it may normally sit at Osmanabad, but may also hold its sitting at any other place within the State, as the exigency of the Development Authority may require.
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Section 1 · Short title and extent.Section 2 · Definitions.Section 4 · Constitution of Development Authority.Section 5 · Proceedings of Development Authority.Section 6 · Vacancy, etc., not to invalidate proceedings of Development Authority.Section 7 · Duties, functions and powers of Development Authority.Section 8 · Budget, accounts and audit.Section 9 · Annual Report of Development Authority.India Code, Government of India. Text fetched 25 Oct 2026. Source metadata reports last modification: 2024-04-30. Check the linked official text and subsequent notifications when applying a provision.