Bare ActsThe Maharashtra Maritime Board Act, 1996.

Section 54

Power to raise loans.

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

( 1 ) The Board may raise loans, with the previous sanction of the Government on such terms and conditions as may be prescribed by rules by Government for the purposes of this Act. ( 2 ) Loans may be raised by the Board in the open market on the Board Securities issued by it or may be obtained from the Government or a Bank approved by the Government.

Section 54 – The Maharashtra Maritime Board Act, 1996. | DailyLaw.ai