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Section 13

No act done or proceedings taken under this Act, by the Corporation shall be deemed to be invalid by reason merely of any vacancy or defect in the constitution of the Corporation.

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13. No act done or proceedings taken under this Act, by the Corporation shall be deemed to be invalid by reason merely of any vacancy or defect in the constitution of the Corporation. Salaries and allowances Control by Managing Director Meetings Disqualification for participation in proceedings on account of interest Acts not to be invalidated by vacancy etc. Acts not to be invalidated by vacancy etc. Powers of the Corporation Power of the Corporation to undertake projects at the instance of others Fund of the Corporation CHAPTER — III Functions and powers of the Corporation