The Uttar Pradesh Code on Social Security Rules, 2026
Rule 81. Conditions to acquire hold sale or otherwise transfer any movable or immovable property under sub-section (1) of Section 120
Official text
(1) Acquisition of property- Subject to the provisions of sub-rule (3) and such conditions as may, from time to time, be laid down by the Uttar Pradesh Building and Other Construction Workers Welfare Board or by the Uttar Pradesh Unorganized Workers Social Security Board, with the prior permission of the State Government, the Secretary/Chief Executive Officer of respective Board may, for the purposes of the Code, acquire on behalf of the Board, movable or immovable property:
Provided that, prior approval of the State Government on a resolution passed by Board in this regard, shall be required for the exchange of any immovable property, for the taking of any property on lease for a term exceeding thirty six months, or for the acceptance of any gift or bequest of property burdened an obligation.
(2) Disposal of property- Subject to the provisions of sub-rule (3) and such conditions as may be laid down by the Board from time to time, the Secretary/Chief Executive Officer of the Board may -(a) dispose of, by sale or exchange, any movable property belonging to the Board, the value of which does not exceed rupees fifty lakh in each case, or grant a lease of any immovable property belonging to the Board for a term not exceeding twelve months;
(b) with the prior approval of the State Government on a resolution passed by the Board in this behalf, lease, sell or otherwise dispose of any movable or immovable property belonging to the Board.
(3) Procedure for execution of contracts -
(a) the Board may enter into and perform all such contracts as it may consider necessary or expedient for carrying into effect the provisions of the Code;
(b) every contract made under or for any purpose of the Code shall be made on behalf of the Board by the Secretary/ Chief Executive Officer of the Board;
(c) every contract entered into by any person as provided in clause (ii) shall be entered into in such manner and form as would bind him if it were made on his own behalf and may in like manner and form be varied or discharged:
Provided that the common or official seal, as the case may be, of the Board shall be affixed to every contract for amounts exceeding rupees five lakh.