LawgistThe Damodar Valley Corporation Act
40Provision for depreciation and reserve and other funds
(1) The Corporation shall make provision for depreciation and for reserve and other funds at such rates and on such terms as may be specified by the Auditor-General of India in consultation with the Central Government.
(2) The net profit for the purposes of section 37 shall be determined after such provision has been made.
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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
