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Section 6

The Goa, Daman And Diu (Banks Reconstruction) Regulation, 1962.Regulations · 1962

(1) For the purposes of enabling the Custodian to discharge the obligations imposed on him under this Regulation, the Central Government may, after due appropriation made by Parliament by law in this behalf, grant to the Custodian such loans on account of either of the Banks as it may deem fit.

(2) The terms and conditions on which such loans may be granted shall be determined by the Central Government from time to time, and it shall be competent for the Central Government, if it is necessary so to do, to adjust any loan or any portion thereof against any subsidy which the Central Government may, after due appropriation made by Parliament by law in this behalf, grant to the Custodian for discharging the liabilities and obligations of the Banks or of either of them.

CHAPTER II RECONSTRUCTION OF BRANCHES OF BANCO NACIONAL ULTHAMARINO

Where this provision sits

ActThe Goa, Daman And Diu (Banks Reconstruction) Regulation, 1962.
Section6
StatusIn force as published by the source

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