LawgistThe Faridabad Development Corporation Act
21Provision for depreciation and reserve and other funds
(1) The Corporation shall make such provision for depreciation and for reserve and other funds as the Central Government may from time to time direct.
(2) The management of these funds, the sums to be carried from time to time to the credit thereof and the application of the moneys comprised therein shall be determined in accordance with such directions as the Central Government may from time to time issue.
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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
