Bare ActsTrivandrum City Improvement Trust Act, 1960

Section 102

Power to discontinue payments into sinking fund.--

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

Notwithstanding anything contained in section 101, if at any time the sum standing at credit of the sinking fund established for the repayment of any loan is of such amount that if allowed to accumulate at the rate of interest prescribed under sub-section (2) of that section, it will be sufficient to repay the loan at the end of the period approved by the Government, then, with the permission of the Government, further annual payments into such funds may be discontinued.

Section 102 – Trivandrum City Improvement Trust Act, 1960 | DailyLaw.ai