LawgistThe Khadi and Village Industries Commission Act
21Borrowing of money
Subject to such rules as may be made in this behalf, the Commission shall have power to borrow on the security of the khadi fund or the village industries fund or any other asset for any purposes for which such funds may be applied.
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All sections
- 1 Short title and extent
- 2 Definitions
- 3 Power to add to the Schedule
- 4 Establishment and constitution of the Commission
- 5 Powers and functions of the Chief Executive Officer
- 5A Powers and functions of the Financial Adviser
- 6 Disqualifications for membership of the Commission
- 6A Removal of Chairman, Member, etc., from the Commission
- 7 Resignation of office by member
- 8 Vacancies, etc., not to invalidate acts and proceedings of the Commission
- 9 Temporary association of persons with the Commission for particular purposes
- 10 Constitution of the Board
- 11 Commission to consult the Board
- 12 Meetings of the Commission
- 12A Zonal Committee
- 13 Term of office and conditions of service of the chairman and other members
- 14 Officers and servants of the Commission
- 15 Functions of the Commission
- 16 Power of Central Government to give directions
- 17 Payment to the Commission
- 17A Commission to receive gifts, grants, etc
- 18 Funds of the Commission
- 19 Power of the Commission to spend
- 19A Standing Finance Committees
- 19B Recovery of monies due to the Commission as arrears of land-revenue
- 20 Budget
- 21 Borrowing of money
- 22 Transfer of liabilities and obligations to the Commission
- 23 Accounts and audit
- 24 Returns and reports
- 24A Exemption from liability to pay income-tax
- 25 Dissolution of the Commission
- 26 Power to make rules
- 27 Power to make regulations
- 28 Rules and Regulations to be laid before Parliament
