LawgistThe Faridabad Development Corporation Act
18Repayment of capital and loan with interest
The Corporation shall repay, at such intervals and on such terms as the Central Government may determine, the amount of capital provided under section 15 and all loans advanced under section 16 with interest at such rate as may, from time to time, be fixed by that Government and such repayment of capital or loan or payment of interest shall be deemed to be part of the expenditure of the Corporation.
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All sections
- 1 Short title
- 2 Definitions
- 3 Incorporation
- 4 Constitution of the Corporation
- 5 Term and conditions of service of member
- 6 Disqualification for being appointed, or for continuing as, member of the Corporation
- 7 Temporary absence of any member
- 8 Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of the Corporation
- 9 Committees of the Corporation
- 10 Meetings of the Corporation
- 11 Authentication of orders and other instruments of the Corporation
- 12 Appointment of Administrator and other officer of the Corporation
- 13 General duty of the Corporation
- 14 Powers of the Corporation
- 15 Capital of the Corporation
- 16 Grants and loans to the Corporation
- 17 Vesting of property in the Corporation
- 18 Repayment of capital and loan with interest
- 19 Corporation to have rights and liabilities of the Central Government in certain cases
- 20 Fund of the Corporation
- 21 Provision for depreciation and reserve and other funds
- 22 Power of the Corporation to spend
- 23 Budget
- 24 Annual report
- 25 Accounts and audit
- 26 Amount due to the Corporation to be first charge
- 27 Direction
- 28 Returns and reports
- 29 Mode of recovery of moneys due to the Corporation
- 30 Delegation of powers
- 31 Members and officers of the Corporation to be public servants
- 32 Removal of disqualification for membership of Parliament
- 33 Bar of legal proceedings
- 34 Validation of certain transactions
- 35 Power to remove difficulties
- 36 Power to make rules
