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Section 38: Payment of interest

The Damodar Valley Corporation Act, 1948Central Act · Act 14 of 1948

The Corporation shall pay interest on the amount of capital provided by each participating Government at such rate as may, from time to time, be fixed by the Central Government and such interest shall be deemed to be part of the expenditure of the Corporation.

Where this provision sits

ActThe Damodar Valley Corporation Act, 1948
Section38
Marginal notePayment of interest
JurisdictionCentral
StatusIn force as published by the source

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