Bare ActsThe Damodar Valley Corporation Act, 1948

Section 38

Payment of interest

Amendment status not verified — confirm the current text below against the official source.

The Corporation shall pay interest on the amount of capital provided by each participating Government at such rate as may, from time to time, be fixed by the Central Government and such interest shall be deemed to be part of the expenditure of the Corporation.

Section 38 – The Damodar Valley Corporation Act, 1948 | DailyLaw.ai