Bare ActsThe Calcutta Tramways Act, 1951

Section 6

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

(1) The Company shall not raise additional outside share or loan capital without the consent in writing of the Government except in the case of temporary advances from the Company's Bankers in the ordinary course of business. (2) The Company shall give notice in writing to the Government of its intention of incurring any capital expenditure in respect of expansions of the undertaking and if the Government shall within one month from the date of receiving any such notice intimate the Company in writing of its objection to such expenditure, the Company shall not incur such expenditure.

Section 6 – The Calcutta Tramways Act, 1951 | DailyLaw.ai