Bare ActsThe Konkan Irrigation Development Corporation Act, 1997

Section 44

Depreciation Fund.

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

( 1 ) The Corporation may make provision for depreciation fund at such rates and on such terms as may be specified by the Comptroller and Auditor-General of India, and in consultation with the State Government. ( 2 ) The net profit for the purpose of section 42 shall be determined after such provision has been made.

Section 44 – The Konkan Irrigation Development Corporation Act, 1997 | DailyLaw.ai