Shahjahanabad Redevelopment Corporation is a Company limited by Shares not for profit under section 25 of the Companies Act, 1956. The main objective of the Corporation is to promote conservation of built and natural heritage in the National Capital Territory of Delhi which needs to be protected, nourished and maintained by all citizens, conservation as an attitude in city's urban development process, conservation of the civic and urban heritage which would include architecturally significant and artisan works, historical landmarks and living monuments having socio-cultural value not with the motive of profit.

THE MAIN OBJECTS OF THE COMPANY TO BE PURSUED ON ITS INCORPOATION ARE:

1. To promote conservation of built and natural heritage in the National Capital Territory of Delhi which needs to be protected, nourished and maintained by all citizens, conservation as an attitude in the city's urban development process, conservation of the civic and urban heritage which would include architecturally significant and artisan works, historical landmarks and living monuments having socio - cultural value not with the motive of profit.

(B) THE OBJECTS INCIDENTAL OR ANCILLARY TO THE ATTAINMENT OF MAIN OBJECTS ARE:

1. To conserve heritage buildings, heritage zones and other areas of significant value.

2. To protect and improve environmental assets of the city such as the riverfront, ancient city walls, gates, bridges, vistas, public places, edicts and rock cut formations.

3. To take steps to improve civic services such as Water Supply, Sewerage, Electricity Supply and Public Transport in NCT of Delhi and for this purpose to raise or arrange funding from, and / or otherwise capitalize as far as possible, sources such as the Jawaharlal Nehru National Urban Renewal Mission (NNURM) or similar schemes as may be introduced from time to time.

4. To conserve and improve historically significant streets and roof-scapes.

5. To promote the re-use of old buildings for safe and appropriate purposes.

6. To formulate development plans/programmes and redevelopment plans/programmes and implement such plans/programmes or assist in their implementation through public private partnership or other frameworks, for built and natural heritage, historical landmarks, living monuments and associated services provisions in NCT of Delhi and the surrounding areas and to invite and appoint experts, academicians and consultants in any field required for the effective implementation of various policies, programmes and plans as may be required from time to time.

7. To adhere to the guidelines of UNESCO, that grants World Heritage status to monuments like the Qutab Minar.

8. To link the heritage buildings to the adjoining big monuments for their historical relevance and significance.

9. To prepare and publish catalogues of heritage assets such as historical buildings, areas and zones with reference to their relevant period and significance in history.

10. To coordinate efforts with regard to preservation, maintenance and restoration of heritage buildings and monuments with other organizations, including non-government organizations working in this behalf.

11. To coordinate with the Archaeological Survey of India with regard to scientific study of identification of heritage buildings, monuments, areas and vistas.

12. To provide assistance to individuals, institutions and non-governmental organizations in their efforts to save, conserve, project, restore, preserve or maintain all or in part various components or urban heritage.

13. To actively coordinate with other governmental agencies engaged in the conservation of heritage buildings, heritage zones and other areas of significant value.

14. To carry out restoration work of heritage buildings in accordance with internationally acknowledged scientific practices..

15. To diffuse knowledge - both academic and technical, for enabling a person engaged or interested itself in the art of conservation, preservation, maintenance and restoration of heritage buildings and allied matters.

16. To acquire by purchase, lease, gift, grant, legacy, bequest, exchange or otherwise from a person, company, government or institution whatsoever, and to hold all or part of the movable or immovable properties of all descriptions - lands, buildings, easements, rights of common now or hereafter vested in the possession of any person or body and used or devoted to or for any purpose of the Company.

17. To maintain, deal with and manage such movable and immovable properties of all descriptions of the Company.

18. To investor deal with moneys of the Company not immediately required upon securities or in such a manner as from time to time may be determined by the Board of Directors of the Company, and to lend money with or without security.

19. To enter into arrangement with any Government or Authority, whether Supreme, State, District, Municipal, Local or otherwise that may seem to be conducive to the objects of the Company or to any of them and to obtain from any Government or Authority such rights, concessions and privileges as the Company may think desirable and to obtain, carry out, exercise and comply with any such arrangements rights, privileges and concessions.

20. To promote proper security and upkeep of heritage sits so as to keep them free of encroachments, unauthorized occupation, unauthorized trade and unauthorized construction of any kind whatsoever.

21. To advice individuals, department, institutions, organizations, NGO's & such other persons concerned & engaged with any kind of activities and matters relating to heritage.

22. To organize and facilitate carrying out of educational programmes, training and development programmes, exhibitions, seminars and symposia on matters relating to conservation of heritage and to provide technical and administrative assistance to individual, departments, institutions, organizations, non governmental organizations and such other persons concerned with and engaged in conservation of heritage.

23. To recommend to departments concerned in consultation with the Archeological Department, demolition of any natural or built heritage or part of natural or built heritage structure or building which is considered to be standing dangerously and unsafe for environment and people.

24. To take necessary steps either by itself or through the concerned Department of the Centre or State Governments, in the promotion of heritage tourism & its related activates.

25. To promote, assist, advise, render and provide consultative, participative and management services in all matters relating to and all aspects of preservation and upgradation of heritage sites including policy formulation, promotion, development, implementation, construction, operation, maintenance, management and finance thereof.

26 To establish, provide, maintain and conduct or subsidize archeological research laboratories and experimental workshops for scientific and technical researches, experiments and tests of all kinds and devices and / or to sponsor or draw out programmes for promoting scientific, technical, social, economic and educational research and development and assist in the execution and promotion of such programmes and to promote archeological studies and researches both scientific and technical investigations, endowing or assisting laboratories, museums, workshops, libraries, lectures, meetings and conferences and by providing or contributing to the award of scholarships, prizes, grants to students and generally to encourage, promote inventions of any kind that may be considered useful to the company.

27. To take such steps by personal or written appeals, public meetings or otherwise as may from time to time be deemed expedient for the purpose of procuring contributions to the funds of the Company or of funds in which the company is interested in the shape of donations, annual subscriptions or otherwise.

28. To focus on technical and scientific significance of civic and urban heritage.

29. To establish or maintain memorials and historical gardens.

30. To open and operate current overdraft, loan, cash credit or deposit or any other type of documents with any bank/financial institution.

31. To enter into contract, agreements and arrangements with any Department of Government, or authorities, municipal, local or company, firm or others, person or persons for carrying out of the objects of the Company.

32. To represent, negotiate and otherwise deal with the concerned authorities for availing the necessary approvals, permits, clearances, authorizations for implementing of comprehensive development works.

33. To apply, promote and obtain any act, charter, privilege, concession, license or authorization of any government, state or municipality, provisional order or license of any authority for enabling the company to carry any of its objects into effect, or for extending any of the powers of the company, or effective any modification of the company's constitution or for or any other purpose which may seem expedient and to oppose any proceedings or applications which may seem calculated, directly or indirectly, to prejudice the Company's interest.

34. To refer, or agree to refer, any claim, demand, dispute or any other question, by or against the Company, or in which the company is interested or concerned and whether between the Company and a member of his or their representatives, or between the company and third parties, to arbitration in India or at any place outside India, and to observe and perform and to do all acts, deeds, matters and things to carry out or enforce the award.

35. To lease, sell, deal in or to otherwise dispose and to purchase, hire or otherwise acquire and maintain suitable buildings, apartments, furniture and other fittings in India for the establishment of offices, guest houses.

36. To obtain from any person, firm, government authority, agency, company or body corporate, whether in India or elsewhere, technical information, formulations, know-how, processes, layout, blue prints and expert advice for conservation of the built and natural, heritage in the and to pay to or to the order of such person, government authority, agency or body corporate, any fee, royalty, bonus, remuneration in lieu thereof or otherwise compensate them in any other manner for the services rendered by them.

37. To pay out of the funds of the Company all expenses incurred/properly incurred in connection with the formation and registration of the Company.

38. To guarantee the payment of money secured or unsecured by or payable under or in respect of any promissory notes, bonds, contracts, mortgages, charges, obligations, instruments and securities of any company or of any authority, central, state, municipal, local or of any person.

39. To prepare redevelopment plans, technical, financial and other kinds of reports including detailed project reports etc. for availing assistance under JNNURM and any other similar schemes for Shahjahanabad or any area identified by Government and other agencies.

40. To avail, utilize and deploy Government Grants, Loans etc for achieving the objects.

41. To hold regular public consultations and formulate public opinion in accordance with its objectives.

42. To prepare and recommend the socio-economic and trade plans for promoting the traditional art & craft, trade and tourism of the Walled City. To prepare and recommend the relocation of trade activities to promote heritage tourism in Old Delhi and / or to facilitate urban renewal.

43. To open establish, maintain and to discontinue in India or overseas any offices, branch offices, regional offices, trade centres, exhibition centres, liaison offices and to keep local or resident representative in any part of the world for the purpose of promoting the activities of the company.

44. To undertake and carry out any other activity conductive to any or all of the objects of the Company in order to meet the heritage conservation policies of the Government.