Amendment status not verified — confirm the current text below against the official source.
Power to make regulations.— 1[The Commissioner, with the approval of the Standing Committee and the General Manager with the approval of the Brihan Mumbai Electric Supply and Transport Committee], may make regulations for all or any of the following matters, namely:— (a) the forms of notices under sections 105B and 105C and for prescribing the other manner in which they may be served under those sections; (b) the holding of inquiries under this Chapter; (c) the procedure to be followed in taking possession of any corporation premises under section 105B; (d) the manner in which the damages under section 105C may be assessed and the principle which may be taken into account in assessing such damages; (e) the manner in which appeals may be preferred under section 105F and the procedure to be followed in such appeals; (f) any other matter which has to be, or may be, prescribed under this Chapter by regulations.] CHAPTER VI BORROWING POWERS 2[106. Power to borrow from Central or 3[State] Government or other persons.— The corporation may from time to time borrow or re-borrow and take up at interest from 4[the Central or the 5[State] Government] or with the sanction of the 6[7[State] Government], from any other person, any sum necessary for the purpose of— (a) defraying any costs, charges or expenses incurred or to be incurred by them in the execution of this Act, (b) discharging any loan contracted under this Act or any other loan or debt for the repayment of which they are liable, (c) making good any deficit in budget estimate “B” framed under section 126, (d) generally, carrying out the purposes of this Act including the advance of loans under section 354W. 8[* * * * *] 9[106A. Restrictions on utilisation of funds created by corporation.— Notwithstanding anything contained in section 106, except with the prior approval of the State Government, neither any internal loan shall be taken by the corporation from any of the funds created by the corporation nor shall any utilisation of such funds for any purposes other than purposes for which the funds are created be made by the corporation.] 1 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 44. 2 New section 106 was substituted by Bom. 13 of 1933, s. 22, for the original as amended by Act 38 of 1920, s. 2, and Sch. I, Part IV, and Bom. I of 1925, s. 17. 3 This word was substituted for the word “Provincial” by the Adaptation of Laws Order, 1950. 4 The words “the Central or the Provincial Government” were substituted for the words “the Secretary of State for India in Council” by the Adaptation of Indian Laws Orders in Council. 5 This word was substituted for the word “Provincial” by the Adaptation of Laws Order, 1950. 6 This word was substituted for the word “Provincial” by the Adaptation of Laws Order, 1950. 7 The words “Provincial Government” were substituted for the words “Governor-in-Council” by the Adaptation of Indian Laws Order in Council. 8 The proviso was omitted by the Adaptation of Indian Laws Order in Council. 9 This section was inserted by Mah. 32 of 2011, s. 12. 154 The Mumbai Municipal Corporation Act [1888 : III