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State of Karnataka - Section

Section 32 in Karnataka Housing Board Act, 1962

32. Schemes entrusted to Board by Government, etc.

(1)The provisions of sections 18 to 24 (both inclusive) shall not be applicable to any [housing scheme, land development scheme or labour housing scheme] [Substituted by Act 8 of 1988 w.e.f. 1.5.1988.] entrusted to the Board by the State Government except to such extent and subject to such modifications as may be specified in any general or special order made by the State Government, and every such order shall be published in the official Gazette.
(2)Notwithstanding anything contained in this Act, the Board shall not be competent to carry on any trading or financing activity for profit, whether in the execution of any scheme undertaken by, or entrusted to it, or otherwise.