Section 150: Annual statement by Commissioner. The Jammu and Kashmir Municipal Corporation Act, 2000 Union territory Act of Jammu and Kashmir · Act 21 of 2000
(1) The Commissioner shall, at the end of every year, submit to Corporation a statement showing :––
(a) the amount which has been invested during the year under section 148 ;
(b) the date of the last investment made prior to the submission of the statement ;
(c) the aggregate amount of the securities then in his hand ; and
(d) the aggregate amount which has up to the date of the statement been applied under section 149, in or towards discharging loans.
(2) A copy of every such statement shall also be submitted to the Government.
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