Haryana Tourism Corporation was incorporated as a Public Limited Company under the Companies Act, 1956 on 1.5.1974. The registered office of the Corporation is located at S.C.O. 17-18-19, Sector 17-B, Chandigarh. It was incorporated with an authorized capital of Rs.5.00 Crore but as on date, the authorized Share Capital is Rs.25.00 crores divided into 25 lakh equity shares of Rs.100/- each. As per orders of the Haryana Government at the time of incorporation of the company, the main features of the Corporation were as under :-
- The Corporation will be directly responsible for the running and maintenance of the commercial units namely Restaurant, Bars, Liquor Vends, Tourist taxis, Petrol Pumps, Swimming Pool, Health Club, Golf Club, Lakes, boating, etc.
- The Corporation will manage non-commercial units as an agent of the State Government. Non-Commercial units will mean tourist bungalows/huts/ motels/ rest houses and other such establishments.
The Corporation is responsible to issue equity share capital equivalent to the market value of assessed projects taken over from the State from time to time.
Rules and functioning of the Corporation have been described in the Memorandum and Articles of Association of Haryana Tourism Corporation.