Bare ActsThe Gujarat Provincial Municipal Corporations Act, 1949

Section 112

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

(1) Whenever the repayment of a loan from a sinking fund has been sanctioned under proviso (ii) to sub-section (1) of section 109, the Corporation shall establish such a fund and shall pay into it, on such dates as may have been approved under the said proviso, such sum as will, with accumulations of compound interest, be sufficient after payment of all expenses to pay off the loan within the period approved:

Section 112 – The Gujarat Provincial Municipal Corporations Act, 1949 | DailyLaw.ai