logoKerala State Coastal Area Development Corporation Ltd

Objectives

 

  1. To plan, formulate and implement various sustainable development projects and programs of the coastal areas of Kerala to effect sustainable fisheries development and for the benefit of the coastal communities in their economic activities and for their social development at par with the mainstream society and for the purpose to develop or otherwise set up all economic, marketing and social infrastructure facilities for coastal areas including but not limited to fishing harbours, fish landing centres, cold chain, community fish production, storage and marketing centres,  drinking water supply schemes, road linkages, sanitation facilities, social infrastructure including health and sanitation facilities not conflicting with the activities of other departments.
  2. To acquire, by purchase, lease, exchange or otherwise, land, buildings, minerals, properties, patents, licenses and any other rights, interests or privileges which it may seem to obtain for the purpose of attainment of the main objectives of the Company.
  3. To promote research and development for evolving appropriate technologies for achieving the main objectives of the Company.
  4. To enter into all types of internal or external, foreign collaborations, license agreements, technical assistance, financial or commercial arrangements for the fulfillment of any of the objectives herein contained.
  5. To co-ordinate and facilitate the activities of various Government departments, Non Governmental Organizations, and other voluntary institutions towards contributing their efforts and aids, including fund mobilization, to the integrated development projects/programs for the coastal areas and to pool the outputs from various institutes, organizations and agencies operating for the development  of various dimensions of coastal area development
  6. To assist development of coastal shipping/feeder line cruise activities for the attainment of the main objectives of the Company.
  7. To promote specific subsidiary companies for the delivery of services in thecoastal areas, on a need basis.
  8. To plan and develop sustainable fish-resource management programs in the coastal   seas and coastal areas.
  9. To undertake any other coastal project/consultancy work assigned by the Government, other states, statutory bodies and agencies from time to time.
  10. To open any kind of account in any nationalized or scheduled banks and to draw, make, accept endorse, execute and discount any promissory notes, cheques, bills of exchange, hundies and other negotiable and transferable instruments in connection with the business of the Company
  11. Subject to the provisions of section 58A of the Companies Act, to raise funds from all available sources including commercial banks and Development funding institutions by mortgage, charge or lien up on the whole or any part of the properties and assets, whether present or future.
  12. To establish branches and other offices or such units either in India or abroad  to carry on the activities undertaken by the Company.
  13. To receive  grants, donations or other moneys from the Central Government,  State Government, Local Bodies, Companies, Corporations,  Co-Operative  Societies, Trusts or individuals with or without interest in order to  carry out the  objectives of the Company.
  14. To lend or advance money, either upon or without security, and to  borrow or raise or secure the payment of money in such manner as  the Board of Directors may deem fit, and in particular by the issue  of debentures, debenture stock, bonds, deposits, obligation and  securities of all kinds, but not carrying out banking business within the  meaning of the Banking Regulation Act, 1949.
  15. To pay all costs, charges and expenses incurred or sustained in or  about  the promotion and establishment of the Corporation which the Board  may consider to be in the nature of preliminary expenses including  therein the cost of advertising, printing and expenses attendant upon the  formation of branches and agencies.
  16. To invest the funds of the Company, not immediately required, in any manner  from  time to time, in such assets, properties, securities, shares, species or  investments or otherwise deal therewith as may, from time to time, be determined  by the Board of Directors and sell or vary all such investments and to execute  all assignments, transfers, receipts and documents that may be necessary in that  behalf.
  17. To construct, maintain and alter any buildings or works  necessary or convenient for the purpose of the Company or to improve, reconstruct any  government building with or without consideration for setting up any office, work-shed or store in connection with any scheme or project  approved by the Board.
  18. To receive, improve or develop any land belonging to the Government of Kerala or the Government of India, Local Body or Statutory Body for agricultural, fishery or industrial development, directly or in collaboration with Government, Local or Statutory Bodies.
  19. To set up, run and manage work production centres for manufacturing goods required for attaining the main objects of the company.
  20. To employ brokers, commission agents and under-writers and to provide for remuneration of such persons for their services for promotion of the business of the Company in accordance with the provisions of the Companies Act, 1956.
  21. To employ and remunerate experts to investigate and examine the condition, prospects, value and circumstances of any scheme for the welfare of the coastal communities including fishermen.
  22. To enter into any partnership or arrangement for joint working with  any other company, firm or person carrying on business with the  same or similar objects of this Corporation.
  23. To sell, improve, manage, develop, exchange, lease, mortgage, enfranchise,  dispose of, and turn into account or otherwise deal with all or any part of the properties and rights of the Corporation.
  24. To accept stocks or shares in, or the debentures, mortgage debenture  or other securities of any other company in payment or part  payment for any services rendered or for any sale made to or debt  owing from any such company.
  25. To acquire and undertake the whole or any part of the business, property, and liabilities of any person or company carrying on any business which the company is authorized to carry on, or possessed of property suitable for the  purpose of this Company.
  26. To enter into any arrangements with Government of India,  Government  of Kerala or any other Government Corporation, Company, Local  Authority or Statutory Body for the purpose of carrying out the  objects of the Corporation or furthering its interests and to obtain from  such Government or Authority, person  or body any charters, subsidies,  loans, indemnities, grants, contracts, licenses, rights, concessions,  privileges or immunities which the Board of Directors may think it desirable to obtain and exercise and comply with any such arrangements, rights, privileges and  concessions.
  27. To establish, provide, maintain and conduct research and other laboratories,  training colleges, Schools and other such institutions for training,  education and  instructions to the fishermen and their families.
  28. To refer or agree to refer to arbitration, disputes, present or future between the Company and any other Company, Society, Firm,  individual or others and to submit the same to arbitration to any  arbitrator in accordance with the law relating to Arbitration and  Conciliation in force in the Country.
  29. To create any depreciation fund, reserve fund, sinking fund, insurance fund or any special or other fund whether for depreciation  or for repairing, replacing, improving, extending or maintaining  any of  the property of the Corporation or for special dividends or for  redemption of debentures or redeemable preference shares or for  special dividends or for equalizing dividends or for any other  purpose whatsoever, and to transfer any such fund or part thereof to  any of  the other funds herein mentioned.

   

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