Amendment status not verified — confirm the current text below against the official source.
Without prejudicing the security of the other holders of the board securities, the Board may, with prior sanction of the State Government, apply any sums received by it under the provisions of this Act for premature payment to the State Government: Provided that, the amount of interest, in such cases, shall be re-computed to correspond to the actual amount of outstanding principal. Establishment of sinking fund.