Section 40: Provision for depreciation and reserve and other funds.

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

(1) The Corporation shall make provision for depreciation and for reserve and other funds at such rates and on such terms as may be specified by the Auditor-General of India in consultation with the Central Government.

(2) The net profit for the purposes of section 37 shall be determined after such provision has been made.

Where this provision sits

Act	The Damodar Valley Corporation Act, 1948
Section	40
Marginal note	Provision for depreciation and reserve and other funds.
Jurisdiction	Central
Status	In force as published by the source

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