Punjab act 001 of 2015 : The Punjab Development Fund Act, 2014.

Department
  • Department of Excise And Taxation

PUNJAB GOVT. GAZ. (EXTRA), JANUARY 22, 2015

(MAGHHA 2, 1936 SAKA)

DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB

PART I

2014.

GOVERNMENT OF PUNJAB

1.

NOTIFICATION

No.1-Leg./2015.-The following Act of the Legislature of the State of Puniab received the assent ofthe President of India on the 13th Day of January, 2015, is hereby published for general information:

2.

The 22nd January, 2015

THE PUNJAB DEVELOPMENT FUND ACT, 2014

(Punjab Act No. 1 of 2015)

AN

to enable the Depariment of Excise and Taxation to discharge its social

responsibility since it collecis substantial revenue from the sale of liquor and for the malters connected therewith or incidental thereto.

AcT

BE it enacted by the Legislature of the State of Punjab in the Sixty-fifth Year of the Republic of India, as follows:

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(1) This Act may be called the Punjab Development Fund Act, Short title and

(2) It shal! come into force on and with effect from the date of its

publication in the Official Gazette. In this Act, unless the context otherwise requires,

(a) "Board" means the Punjab Development Fund Board established under section 3;

(b) "Department" means the Department of Excise and Taxation,

Punjab;

(c) "Fund" means the Punjab Development Fund, constituted under section 5;

(d) "prescribed" means prescribed by rule made under this Act:

(e) "regulations" means the regulations made by the Board; () "section" neans a

section of this Act; and commencement.

(g) "State Government" means the Government of the State of Punjab in the Departmentof Excise and Taxation. Definitions.

VT. Z. E A), A , 1

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NM NT AB

p ENT I TI E FFAIRS,

ICATION

h ary, No.1-Leg./2015.-The following Act h egislature h t p nj h t h r si ent h

of uary,

2015, is reby bli d or eral ation:-

A OPMENT

ct o.

t

(0 bl Department xcis axati o r e cial

onsibil ty it ll cts bstantial e rom h iq r

h atter ect h ith n ntal reto. it ct y he egislature of the tate of nj in he i ty -fifth

ear of t e epublic ia, l s:-

(1) hi ct a h nj evel ent Act, Short title and m e m .

.

l all n i t rom h

blicati n n f icial azet e. In ct, l ss h t xt i se uires,-

oard" eans h nj evel ment oar

established er ection epart ent" eans h epart ent xcis axati n,

efi ions.

Punjab;

eans nj evel ment

nd, nstit t d er

o

scri ed" eans r d

ade er ct;

) " ulations" eans

ulati ns ade oard,

f) " t " m ns ct;

(g) t t overnment" eans over ment h t t

nj h epart ent xc ise axation.

1

Establishment of the Board.

Powers of the Chairperson. Constitution of the Development Fund.

Objectives of the Development

Fund.

3. (1) The State Government shall establish a Board for the pur pose of this Act with the following composition:

PUNJAB GOVT. GAZ. (EXTRA), JANUARY 22, 2015

(MAGHA 2, 1936 SAKA)

(a) the Excise and Taxation Minister;

(b) the Chief Parliamentary Secretary, Excise and Taxation;

(c) the Chief Secretary to Government of Punjab

(d) the Financial Commissioner (Taxation); and

) the Excise and Taxation Commissioner. Chairperson

: Member

(e) the Principal Secretary, Finance Department; : Member : Member

: Member

6.

Member Secretary In addition to the above, the Board may co-opt three more members from various fields.

(2) The Board shall be a body corporate known by the aforesaid name having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable and to contract and shall by the said name, sue or be sued.

(3) The Board may by resolution delegate to the Chairperson suchof its powers for the conduct of its affairs, as it may consider necessary or desirable.

4. The Chairperson shall have the powers of general superintendence and control in the conduct of the affairs of the Board. The Chairperson shall preside over the meetings of the Board, as well as exercise and discharge the powers and functions of the Board vested in him in accordance with this Act.

5. () The State Government shall constitute a Fund to be known as the Punjab Development Fund.

(2) The Fund shall be maintained, operated and audited in such manner, as may be prescribed.

The Fund shall be applied for the following purposes:

(a) for creation of community assets of durable nature;

(b) for welfare schemes concerning persons as defined in the Punjab Value Added Tax Act, 2005;

st l ent

h oar

e

Chairperson.

onsti o

the Development

nd.

bjecti es h

Development

nd.

R VT. Z. E RA), A ,

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(1) over ent all li oar h pur- pose of this Act with the following composition:

(a) the Excise and Taxation Minister; : Chairperson

(b) the Chief Parliamentary Secretary, : e be xci axati n;

(c) h hi cr t o over ent : e be Punjab

h i ancial ommissioner axation); : ember

(e) the Principal cretary, ce epart ent; : ember () the xci axati ommissioner. : e be Secretary

dit o h ve, h oar pt or embers

rom ous e d

(2) The Board shall be a body corporate known by the aforesaid name h r etual essi n m o i er, ject to the

visi ns of t is ct, o uire, operty, both movable m ovable to contract and shall by the said name, sue or be sued.

(3) oar l tion l ate o h hair ers n its ers for the conduct of its affairs, as it may consider necessary or s

hairperson al ers general superintendence

ntrol duct affairs the Board. The Chairperson shall preside over the e ti gs h oard, el erci e e h

powers and functions of the Board vest in m n ce i ct

5. (1) The State Gover ent shall nstitute o h j evel ent d.

all aintained, er t i in

an er, a scri ed.

shall be applied for the following purposes:

) for creation of community assets of durable nature;

(b) for welfare schemes concerning persons as defined in the nj al dd ct, 5;

2

7.

PUNJAB GOVT, GAZ. (EXTRA), JANUARY 22, 2015

(MAGHA 2, 1936 SAKA)

(c) any other purpose, as may be decided by the Board; and

8.

3

The source of funds shall be, as decided in the Excise Policy for Revenue Sreams the year 2014-15 and successive policies thereafter.

(d) 20% of the amount for de-addiction and the Punjab Cultural Heritage Maintenance and Development.

() The Board may from time to time, with the prior approval of the State Government, make regulationsnot

inconsistent with this Act andthe

ales framed thereunder for carrying out the purpose of this Act.

(2) In particular and without prejudice to the generality ofthe foregoing powers, such regulations may provide for specifying procedure to

transact the business at the meeting of the Board.

(2) In particular and without prejudice tothe generality of the

foregoing power, the State Government may make such rules as may provide

for any other matter which has to be or may be prescribed.

9. (1) The State Government may, by notification in the Official Powers ofthe

Gazette, make rules for carrying out the purposes of this Act.

(3) Every rule made under thisAct shall be laid, as soon as may be, after it is made, before the House of the State Legislature, while it isin

session, for a total period of fourteen days, which may be comprised in one

session or in two or more successive sessions, and if, before the expiry of the session in which it is so laid or the successive sessionsas

aforesaid,the

House agrees in makingany

modification in the rules, or the House agrees,

that the rules should not be

made, the rules shall thereafter have effect only in

such modified form or be of no

effect, as the case may be, so

however, that

any such modification or

annulment shall be without prejudice to the validity

of anything previously

done or omitted to be done

under that rule.

10. (1) Ifany difficulty arises in giving effect to the provisions of this

Act, the State Government may, by order published in the Official Gazette,

make such provisionsnot inconsistent with the provisionsof the Ordinance,as

may appear to be

necessary for removing the difficulty:

for the

Development

Fund.

Provided that no order shall be made under this

section afterthe

expiry ofa period oftwo

years from the date of

commencement of this Act. Power of the

Boara to make

regulations.

State Government

to make rules.

Powers to remove

difficulties.

rr)

, a PUNJAB GOVT. GAZ. (EXTRA), A 22, 3

M GHA, SA )

(c) any other purpose, as may be decided by the Board; and

1) % of i (c 0 of the ount for de-addiction and the Punjab Cultural Heritage Maintenance and Development.

7. A I'he shall be, in h xci l the year 2014-15 and successive li i s reafter.

8. (1) The Board may from tim o im e, i h roval of

t te overnment, make lati ns t n nsistent i ct h

rule ram h der t the se of thi s Act.

(2) In particular and without prejudice to the generality of the egoing ers, such lations y provide for i

fying rocedure to

sact h si ess h e ti h oard.

. (I) tate over ent ay, ti ti n in h f icial azette, a es or g out the oses of t his Act.

(2) In rticular and ithout udice to the nerality of the

i er, t t over ment

a a s a i e

r at er hi a

cri ed.

er ad er ct al

, a

, ade, r

ous t t egislature,

hil

si n, l

s, hi a prised

in ne

n w or essive

ns, , r h i o

h

s ces ive s r

esaid, h

ouse s n aki

odification h l s,

h ouse rees,

t h l t

ade, al reafte

r ct l n

odifi d o m

ct, h a ,

ever, t

modification l ent

all it out dice

ali it

of anything i usly

it d o er

t l .

. 1) a i lty s in ect to the visions of this ct, h t t Gover me nt ay, er bli ed n f icial azett e,

ake pr visi ns t inc nsistent it h pr visi ns o h Ordinance,

a ear o ess

ary r emovi g

ulty:

n hi

ade er se t a

f t

Provi ed t

r al

e te f c mence

ment ct.

piry a r od f w

ars rom th

ue Streams

h

evelopment

nd.

Power of the

Board to make

regulations.

ers of the

State Gov nm t

to ma

Powers o em e

i ulties.

3

Protection for action taken in good faith.

4 PUNJAB GOVT. GAZ. (EXTRA), JANUARY 22, 2015

(MAGHA 2, 1936 SAKA)

(2) Every order made under this section shall be laid as soon as may be, after it is made, before the Legislative Assembly.

11. No suit, prosecution or other legal proceeding shall lie against the State Government or any officer of the State Government or Board in respect of anything which is done or intended to be done in good faith under this Act and rules or regulations made thereunder.

H.P.S. MAHAL,

Secretary to Government of Punjab, Department of Legal and Legislative Affairs. 687/01-2015/Pb. Govt. Press, S.A.S. Nagar

J VT. Z. E RA), A ,

GHA 2, 1936 A)

2) Every order made under this section shall be laid as soon as may be, after it is ade, r h egislati e ss bly. r on 11. No suit, prosecution or other legal proceeding shall lie against the Sa nv "Sta e over ent r f th t over ent oar in respect of anything whi is n e o n er this ct

and rules or regulations made thereunder.

.

Secretary to Government of Punjab, Department of Legal and Legislative Affairs. 687/01-2015/Pb. Govt. Press, S.A.S. Nagar

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