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Air Navigation and Transport (Amendment) Act, 1998

Principal objects of company.

23.(1) The principal objects of the company shall be, and shall be stated in its memorandum of association to be—

(a) to own, either in whole or in part, or manage, alone or jointly with another person, airports whether within the State or not,

(b) to take all proper measures for the safety, security, management, control, regulation, operation, marketing and development of its airports,

(c) to provide such facilities, services, accommodation and lands at airports owned or managed by the company for aircraft, passengers, cargo and mail as it considers necessary,

(d) to promote investment at its airports,

(e) to engage in any business activity, either alone or in conjunction with other persons and either within or outside the State, that it considers to be advantageous to the development of the company, and

(f) to utilise, manage and develop the human and material resources available to it in a manner consistent with the objects aforesaid.

(2) Nothing in this section shall prevent or restrict the inclusion among the objects of the company as stated in its memorandum of association of all such objects and powers as are reasonably necessary or proper for, or incidental or ancillary to, the due attainment of the principal objects of the company and are not inconsistent with this Act.

(3) The company shall have power to do anything which appears to it to be requisite, advantageous or incidental to, or which appears to it to facilitate, either directly or indirectly, the performance by it of its functions as specified in this Act or in its memorandum of association and is not inconsistent with any enactment for the time being in force.