Bare ActsThe PUNJAB INFRASTRUCTURE (DEVELOPMENT & REGULATION) ACT, 2002

Section 41

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

The concessionaire may, with the prior approval of the Authority, offer its rights and interest in the Concession Agreement or the assets of infrastructure project as collateral to any of its financer for any financing availed of by the concessionaire for the infrastructure project, in accordance with an assignment clause enabling the concessionaire to assign his rights and interest as aforesaid subject to the guidelines and regulations issued or made in this behalf.

Section 41 – The PUNJAB INFRASTRUCTURE (DEVELOPMENT & REGULATION) ACT, 2002 | DailyLaw.ai