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<\/figure><\/div>\n\n\n\nRead our article<\/b>:The Rashtriya Raksha University Bill and the National Forensic Sciences University Bill, 2020<\/a><\/mark><\/p>\n\n\n\n The bill has the following key features, those are as follows:-<\/strong><\/em><\/p>\n\n\n\n All major ports has to managed by the respective Board of Port Trusts that have members which are been appointed by a central government. The Bill provides for a creation of the Board of Major Port Authority for each major port. These Boards will further replace the existing Port Trusts. <\/p>\n\n\n\n The Board must comprise of the Chairperson and the deputy Chairperson,\nboth of them will be appointed by the central government on a recommendation of\nthe selection committee. Further, it\nshall include 1 member each from the following authority:-<\/p>\n\n\n\n The Board will include not less than two and not exceeding four<\/em><\/strong>\nindependent members. The two members<\/em><\/strong>, representing the\ninterests of the employees shall be the members of Board, of a Major Port\nAuthority. <\/p>\n\n\n\n The Bill has allowed the Board to use its property, assets\nand funds as deemed fit for the development of the major port. The Board may also make rules on: <\/p>\n\n\n\n Presently, the Tariff Authority for Major Ports established under the act of 1963. The fixes scale of rates for assets and services are available at the ports. Under this Bill, the Board or committees appointed by a Board will determine these rates. They may determine rates for: <\/p>\n\n\n\n Such fixation of rates will not be with retrospective effect. It must be consistent with the provisions of a Competition Act, 2002<\/strong><\/em>[1]<\/strong><\/em><\/a><\/sup>, or any other laws in force, subject the definite conditions. <\/p>\n\n\n\n The Board must seek prior sanction of the central government\nto raise any loan. Under this Bill, to\nmeet the capital and working expenditure requirements and a Board can raise\nloans from any: <\/p>\n\n\n\n However, for loans above 50% of the capital reserves<\/em><\/strong>, a\nBoard will need the prior sanction from a central government. <\/p>\n\n\n\n The Bill provides that a Board may use its funds for\nproviding social benefits. It includes development of infrastructure in areas\nsuch as education, housing, health, and skill development. These beneficial\nattributes could be provided for the Board\u2019s employees, business partners,\ncustomers, environment, local communities, and the society at large.<\/p>\n\n\n\n The Bill defines PPP (Public-Private Partnership)<\/em><\/strong>\nprojects as projects taken up through a concession contract by the Board. For the projects, the Board may fix the\ntariff for the initial bidding purposes. \nThe appointed concessionaire shall free to fix the actual tariffs based\non market conditions, and other conditions as has been notified. The revenue share in such projects must be on\nthe basis of the specific concession agreement. <\/p>\n\n\n\n The Bill provides for constitution of an Adjudicatory Board by\nthe central government. The Board will\nreplace the existing Tariff Authority for Major Ports constituted under the\n1963 Act. It must consist of a Presiding\nOfficer and two members, as appointed by a central government. Functions of the Adjudicatory Board must include:\n<\/p>\n\n\n\n The various penalties for contravening provisions of the Act are:<\/strong><\/em><\/p>\n\n\n\n Under the Bill, any person contravening with the provision\nof the Bill or any of rules or regulations will be punished with a fine of up to\n1 Lakh rupees<\/em><\/strong>.<\/p>\n\n\n\n It good initiative by the Government towards maximum\nutilization of the Ports assets in India along with providing a mechanism for\noperation, regulation, and planning of Major Ports and to vest the\nadministration, control, and also management of such ports upon the Boards of\nMajor Port Authorities. <\/p>\n\n\n\n This is also a step towards Decentralizing decision making and infusing professionalism in a governance of major ports by imparting faster and transparent decision making which benefits the stakeholders and better project execution capability.<\/p>\n\n\n\n Read our article<\/b>:An Outlook on the Code on Social Security, 2020: Latest<\/a><\/mark><\/p>\n\n\nTHE-MAJOR-PORT-AUTHORITIES-BILL-2020 The Major Port Authorities Bill, 2020 has been introduced in Lok Sabha by the Minister of State for Shipping, Mr. Mansukh Mandaviya. The Bill seeks to provide for operation, regulation and planning of major ports in India and provide greater autonomy to major ports of Chennai, Cochin, Jawaharlal Nehru Port, Kandla, Kolkata, Mumbai, New Mangalore, […]<\/p>\n","protected":false},"author":10,"featured_media":17673,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[1087],"acf":{"service_id":"220"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.","postViews":3207,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/17671"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=17671"}],"version-history":[{"count":9,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/17671\/revisions"}],"predecessor-version":[{"id":17685,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/17671\/revisions\/17685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/17673"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=17671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=17671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=17671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key features of the Bill: Boards, Rates, Responsibilities, Projects &\nPenalties <\/h2>\n\n\n\n
Major Port Authorities Board<\/h3>\n\n\n\n
Composition of Board <\/h3>\n\n\n\n
Powers of the Board<\/h3>\n\n\n\n
Fixing of rates<\/h3>\n\n\n\n
Financial powers of the Board <\/h3>\n\n\n\n
Corporate Social Responsibility<\/h3>\n\n\n\n
Public Private Partnership (PPP) projects <\/h3>\n\n\n\n
Adjudicatory Board <\/h3>\n\n\n\n
Penalties <\/h3>\n\n\n\n
Conclusion<\/h2>\n\n\n\n