LawgistThe Damodar Valley Corporation Act
29Fund of the Corporation
(1) The Corporation shall have its own fund and all receipts of the Corporation shall be carried thereto and all payments by the Corporation shall be made therefrom.
(2) Except as otherwise directed by the Central Government, all moneys belonging to that fund shall be deposited in the Reserve Bank of India or the Agents of the Reserve Bank of India or invested in such securities as may be approved by the Central Government.
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FINANCE, ACCOUNTS AND AUDIT
- 27 Expenditure till the Corporation is established
- 28 Vesting of property in the Corporation
- 29 Fund of the Corporation
- 30 Liabilities of participating Governments to provide capital to the Corporation
- 31 Payment by participating Government on specified date
- 32 Expenditure on objects other than irrigation, power and flood control
- 33 Allocation of expenditure chargeable to project on main objects
- 34 Capital allocated to irrigatio
- 35 Capital allocated to power
- 36 Capital allocated to flood control
- 37 Disposal of profits and deficits
- 38 Payment of interes
- 39 Interest charge and other expenses to be added to and receipts taken for reduction of capital cost
- 40 Provision for depreciation and reserve and other funds
- 41 Corporation's share in betterment levy by State Governments
- 42 . Borrowing of mone
- 43 Liability to pay Central taxes
- 44 Budget
- 45 Annual report
- 46 Other annual financial statements
- 47 Accounts and audit
