Bare ActsThe KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.

Section 162

Annual statement by trustees

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

Annual statement by trustees.- (1) The aforesaid trustees shall, at the end of every year submit to the corporation a statement showing,- (a) the amount which has been invested during the year under section 160; (b) the date of the last investment made previous to the submission of the statement; 141 (c) the aggregate amount of the securities then in their hands; and (d) the aggregate amount which has, up to the date of the statement, been applied under section 161 in or towards discharging loans. (2) Every such statement shall be laid before the corporation and published.

Section 162 – The KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976. | DailyLaw.ai