Bare ActsThe West Bengal Development Corporation Act, 1954

Section 21

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

The shares of the Corporation shall be guaranteed by the State Government as to the payment of the principal and as to the payment of annual dividend at such rate not being less than five per cent. per annum or more than seven per cent. per annum, as may be fixed by the State Govern- ment by notification published in the Official Gazette at the time of issuing the shares.

Section 21 – The West Bengal Development Corporation Act, 1954 | DailyLaw.ai