Haryana Land Reclamation & Development Corporation Limited is a Company incorporated under the provisions of Companies Act, 1956. It has the following main objectives:-
(A) Main Objectives
(1) To undertake, assists, aid, finance, execute and promote measures for land development, conservation and improvement of soil and water resources such as:-
- Reclamation of land including reclamation of saline and alkaline soils and revine and gullied areas.
- Farm drainage, both surface and sub-surface.
- Prevention of mitigation of soil erosion.
- Protection of land against damage by floods or drought.
- Planting and Preservation of trees, shrubs and grass on uncultivable land and fixation of sand dunes.
- Improvement of pastures including regulation of grazing.
- Land leveling, land shaping and grading.
- Water Management including conservation irrigation, use of sprinklers gated pipes and water harvesting.
(2) To carry on the business of farmers, graziers, planters quarry owners, contractors for the construction of works and any other operations or business, which may seem calculated directly or indirectly to develop the land for agricultural purposes or the purpose akin to agriculture.
(3) Construct, carry out, support, maintain improve, manage, work operate, control and superintend works and conveniences which may seem directly or indirectly conductive to the development, management, conservation and use of land and water resources and to contribute or otherwise aid or take part in the constructions carrying on, support maintenance, improvement, management, working operating, controlling and superintending the same.
(4) To purchase, take on lease the machinery, tools and plant and maintain appliances, for carrying the development, improvement, and exploitation of the land either for making it culturable or utilizing it for Agriculture purposes.
(5) (a) To purchase, sell, manufacture or deal in agricultural inputs like weedicides, pesticides, fertilizers, agricultural implements, machinery, procurement and trading of good grains, with or without any kind of subsidy from the Central/State Government
(b) To undertake activities conductive to the promotion of floriculture, Horticulture, and other allied agricultural avocations and popularization of the high yielding varieties of crops such as the setting up of demonstration plots, production and multiplication of foundation and certified seeds etc.
(B) Objects incidental or ancillary to the attainment of the objects:-
(1) To set up and maintain laboratories, workshops and stores for providing technical guidance, repair facilities and sales of stores, etc. concerning land development exploitation, management and conservation of land and water resources.
(2) To acquire any such shares, stocks, debentures, debenture stocks, bonds, obligations or securities of the Government of Haryana or any company or Body-Corporate engaged in or proposing to engage in any land and water development works by original subscription, participation in syndicates, tenders, purchase, exchange or otherwise and to subscribe for the same either conditionally or otherwise and to guarantee the subscription thereof and to exercise and enforce all rights and powers conferred by or incidental to the ownership thereof.
(3) To provide such training to the employees of the company in India or abroad as is considered in the interest of the company.
(4) To enter into any arrangements with the Govt. of India, Govt. of Haryana or any other Govt. or State or Local authority for the purpose of carrying out the objects of the company for furthering its interests and to obtain from such Govt. or authority or person charters, subsidies, loans, indemnities, grants, contracts, licences, allied concessions, privileges or amenities which the company may think desirable to obtain and exercise and comply with any such arrangements, right, privileges and concessions.
(5)To provide equipment or plant and machinery connected with land development and measures installed or connected with land development on rental basis to any private individual or body and Govt. departments.
(6) To employ or to engage experts, consultants in connection with the planning and development of all or any of the objects of the company.
(7) To perform or do all or any of the following operations, act, deeds or things;
(a) To sell, let, dispose of or grant rights over all or any property of the company.
(b) To erect buildings, plant and machinery for the purposes of the company.
(c) To undertake payment of all rents and performance and observant of all convenants conditions and agreements contained or reserved by any lease or leases which may be granted or assigned to or may be otherwise acquired by the company.
(d) To borrow money or to receive money on deposit either without security or secured by debentures stock (perpetual or terminable), mortgage or other security charged on the undertaking or all or any of the assets of the company including its uncalled capital and to increase, reduce or pay off any such securities, provided that the company shall not carry on the business of Banking.
(e) To lend money with or without securities to parties having dealings with the company and to invest money of the company in such manner (other than in the shares of this company) as they may think fit and to sell, transfer or deal with the same, provided that the company shall not carry on the business of Banking.
(f) To enter into partnership or any arrangement for joint working, sharing or pooling profits, amalgamation, union of interest, co-operation joint venture, reciprocal concession or otherwise or to amalgamate with any person or company carrying on, engaged in or about to carry on or engaged in any business or transaction which the company is authorized to carry on or engaged in or any business, undertaking or transaction which may seem capable of being carried on or conducted so as directly or indirectly to benefit the company.
(g) To sell or dispose of the undertaking of the company and all or any of the property or effects of the company for cash or for stock shares, or securities of any other company for other considerations as the company may think fit and in particular for shares, debentures or securities of any other company having objects, all together or in part similar to those of this company.
(h) To establish, provide, maintain and conduct or otherwise subsidies in India, educational and training institutions, research laboratories and experimental workshops for scientific and technical researches experiments and tests of all kinds, to promote studies and resear5ches, workshops, libraries, lectures, meetings and conferences and to enter into any agreement with Govt. or any other party for the purposes aforesaid.
(i) To obtain, apply for or arrange for the issue or enactment of an order or Act of Legislature or Act of Authority in India for enabling the company to obtain powers, authorities, protection and financial and other help necessary expedient to carry out any of the objects of the company or for any other purpose which may seem expedient and to oppose any proceedings or applications or any other endeavors, steps or measures which some calculated directly or indirectly to prejudice the company’s interest.
(j) To enter into any agreement with the Govt. of India or of a State or with authorities (National, Local, municipal or others) or with land holders or with any persons for the purpose of directly or indirectly carrying out the objects of the company or any of them or furthering the interests of the company or its members and to obtain from any such Govt. authority or person any charters, subsidies, loan, indemnities, grants, contacts, decrees, rights, sanctions, privileges, licences or concessions whatsoever (whether statutory or otherwise) which the company may think desirable to obtain and carry out and to exercise and comply with any such arrangements, charters, grants, contacts, decrees, rights, sanctions, privileges, licences or concessions and the terms and conditions thereof and in particulars to comply with any conditions for the sharing of profits of the company with any such Govt. authority or persons or for distributing dividends on shares of the company.
(k) To provide for the amelioration and welfare of persons employed or formerly employed by the company and the wives, families, dependents or connections of such persons by building or contributing to the building of house, dwellings, by grants or money, pensions, allowances, bonus or other payments or by creating and from time to tome subscribing on contributing to a Provident Fund and establishing other Associations, Institution, Funds or Trusts or by helping persons employed by the company to effect or maintain insurance on their lives by contributing to the payments of premium or otherwise.
(l)To apply the assets of the company in any way in or towards the establishment, maintenance or extension of any association. Institution or Fund in any way connected with any particular trade or business or with trade or commerce generally, including any association, institution or Fund, for the protection of the interests of masters, owners and employers against loss by bad debts, strikes, combinations, fire accidents or otherwise.
(m) In winding up, to distribute any of the property of the company among the members in specie or kind.
(n) To pay for any properties, rights or privileges acquired by the company, either in shares of the company or partly in shares and partly in cash or otherwise.
(o) To create any reserve fund, sinking fund, insurance fund or any special or other fund whether for repairing, improving, extending or maintaining any of the property of the company or for redemption of debentures or redeemable preference shares or for special dividends or equalizing dividends or for any other purpose whatsoever, and to transfer any such fund or part thereof to any of the other funds here in mentioned.
(p) To make, draw, accept, endorse, discount, execute and issue cheques, promissory notes, bills of landing, warrants, debentures and other negotiable or transferable instruments.
(q) To accumulate funds and to invest or otherwise employ moneys belonging to or with the company in the purchase or acquisition of any shares, securities or other investment whatsoever, whether movable or immovable upon such terms as may be thought proper and from time to time to carry all or any such investments in such manner as the company may think fit.
(r) To promote, subscribe for, underwrite, purchase or otherwise acquire and to hold, dispose of and deal in the shares, stocks, securities and evidences or indebtedness or the rights to participate in profits or other similar documents issued by any Govt. authority, corporation, local body any company or body of persons, and any options or rights in respect thereof.
(s) To adopt such means of making known the business of the company or of any company in which this company is interested as may seem expedient.
(t) To pay all the costs, charges and expenses of and incidental to the promotion, formation, registration and establishment, of the company and the issue of its capital and remunerate or make donations to (by cash or other assets or by the allotment of fully or partly paid shares or by the call or option on shares debentures, stocks or securities of this or any other company or any other manner, whether out of the company’s capital or in otherwise) any person, persons or company for services rendered or to be rendered in the conduct of its business of in introducing any property or business in the company or for any other reason which the company may think proper.
(u) To guarantee the payment of money secured by or payable under or in respect of promissory notes, bonds, debentures, debenture stock contracts, mortgages, charges, obligations, instruments and securities of any company or of any authority supreme, municipal, local or otherwise Or of any person whosoever, whether incorporated or not incorporated and generally to guarantee or become sureties for the performance of any contracts or obligations.
(v) To dedicate, present or otherwise dispose of either voluntarily with or without consideration, or for value any property of the company deemed to be national, public or local interest to any national trust, public body, museum, corporation or authority or any trustees for or on behalf of the same or of the public.
(w) To establish and maintain agencies, branch places and local registers to procure registration or recognition of the company and to carry on business in any part of the world and to take such steps as may be necessary to give the company such rights and privileges in any part of the world as are possessed by local companies or partnerships or as may be thought desirable.
(C) The other objects of the company not included in A & B are:—
(i) To procure, produce, cultivate and distribute seeds of good quality through such agencies, societies, individuals, or companies as may be nominated, appointed or selected from time to time.
(ii) To set up demonstration farms, introduce improved and scientific methods of land use and water resources.
(iii) To provide technical knowhow, loans and equipment for the development of land and conservation and management of soil and water resources.
(iv) To promote and operate schemes for the-development, management and conservation of land and water resources in the State of Haryana and for that purpose to prepare and get or cause to prepare the feasibility reports and detailed project reports, market studies and statistics and other relevant information for the establishment of any undertaking and to promote and establish companies and associations for the execution of such project.
(v) To acquire lands, other properties and to develop them suitably for the purposes of the company and to make them available on such terms and conditions as may be agreed upon to any Govt., individual, firm, company, association or concern.
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