Bare ActsThe KARNATAKA MARITIME BOARD ACT, 2015

Section 22

Repayment of Capital with interest

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

Repayment of Capital with interest.- The Board shall repay at such intervals and on such terms and conditions as the Government may determine the amount which is treated under clause (c) of sub-section (1) of section 20 as capital provided by the Government and with interest at such rate as may be fixed by the Government and such repayment of capital or payment of interest shall be deemed to be a part of the expenditure of the Board.

Section 22 – The KARNATAKA MARITIME BOARD ACT, 2015 | DailyLaw.ai