Bare ActsThe Goa Rehabilitation Board Act, 2006

Section 61

Annual examination of sinking fund

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

Annual examination of sinking fund.— (1) The Government shall cause the said sinking fund to be examined every year and ascertain whether the cash and current value of the securities at credit of such fund are actually equal to the amount which would have accumulated, had investments been regularly made and had the rate of interest as originally estimated been obtained therefrom. The Board shall forthwith pay into the sinking fund any amount, which Government may certify to be the deficiency therein after examination as aforesaid, unless the Government specially sanctions a gradual readjustment.

Section 61 – The Goa Rehabilitation Board Act, 2006 | DailyLaw.ai