LawgistThe Auroville Foundation Act
25Borrowing powers of the Governing Board
Subject to such rules as may be made in this behalf, the Governing Board shall have the power to borrow on the security of the properties of Auroville or any other asset for carrying out the purposes of this Act.
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MISCELLANEOUS
- 24 Duty to furnish returns, etc
- 25 Borrowing powers of the Governing Board
- 26 Accounts and audit
- 27 Act to have overriding effect
- 28 Contracts to cease to have effect unless ratified by the foundation
- 29 Penalties
- 30 Protection of action taken in good faith
- 31 Power to make rules
- 32 Power to make regulations
- 33 Rules and regulations to be laid before Parliament
- 34 Power to remove difficulties
