Bare ActsThe Goa Tillari Irrigation Development Corporation Act, 1999

Section 38

Disposal of profits and deficits

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

Disposal of profits and deficits.— (1) Subject to the provisions of sub-section (2) of section 40 of this Act, the net profit, if any, attributable to each of the main objects shall be fully credited to the Corporation. (2) The net deficit, if any, in respect of the objects shall be solely borne by the State Government.

Section 38 – The Goa Tillari Irrigation Development Corporation Act, 1999 | DailyLaw.ai