Bare ActsThe Vidarbha Irrigation Development Corporation Act, 1997

Section 42

Disposal of profits and deficits.

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

( 1 ) Subject to the provisions of sub-section ( 2 ) of section 44 of this Act, the net profit, if any, attributable to each of the main objects, namely, irrigation and power shall be fully credited to the Corporation. ( 2 ) The net deficit, if any, in respect of any of the objects shall be solely borne by the State Government.

Section 42 – The Vidarbha Irrigation Development Corporation Act, 1997 | DailyLaw.ai