LawgistThe Damodar Valley Corporation Act
42. Borrowing of mone
The Corporation may, with the approval of the Central Government, borrow money in the open market or otherwise for the purposes of carrying out its functions under this Act.
Download our fully-offline, High speed android app.- Click here
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
