Azad Jammu and Kashmir Mineral and Industrial Development Corporation Act, 1971 (Act XVII of 1971).

This Act, consisting of 29 sections divided into five Chapters, creates a corporation called the Azad Jammu and Kashmir Mineral and Industrial Development Corporation. It establishes composition, duties and responsibilities of the above mentioned Corporation as a body corporate, having perpetual succession, and a common seal. The Corporation may also establish regional offices as Government may direct.
The following shall be the functions of the Corporation, namely: (a) Assessment of the potentialities for economic development of Azad Jammu and Kashmir; (b) investigation and preparation of survey and feasibility reports in relation to development projects; (c) Investigation and preparation of survey and feasibility reports about mineral deposits and arrangement of exploitation of deposits on a commercial basis by the public and semi-public sector; (d) Preparation and execution of development programme, projects and schemes relating to medium and large scale industry and exploitation of mineral resources and activities ancillary thereto; (e) Determination of the agency or agencies to whom the execution of development projects may be entrusted; (f) Establishment of industries either by itself or by any institution or organization set up by it; (g) Taking over, execution and management of such projects and schemes and training institutions as may be transferred to it by Government; etc.