Bare ActsThe Jharkhand Municipal Act 2011

Section 138

Power to discontinue payment towards Sinking Fund

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

Power to discontinue payment towards Sinking Fund.- If, at any time, the sum standing at the credit of a Sinking Fund established under section 136 for the repayment of any loan is of such amount that if allowed to accumulate at the rate of interest sanctioned under the first proviso to sub-section (1) of section 133, it will be sufficient to pay off the loan within the period approved by the State Government under the said proviso, further payments towards such fund may be discontinued. >kj[k.M xtV ¼vlk/kkj.k½] o`gLifrokj 9 Qjojh] 2012 482

Section 138 – The Jharkhand Municipal Act 2011 | DailyLaw.ai