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Section 33: Power of Corporation to borrow.

The Maharashtra Krishna Valley Development Corporation Act, 1996State Act of Maharashtra · Act 15 of 1996

(1) The Corporation may, subject to such conditions as may be prescribed in this behalf, borrow money from the financial institutions or non-resident Indians or from the open market by issue of guaranteed or unguaranteed bonds, debentures, stocks and otherwise, for the purpose of providing itself with adequate resources.

(2) The maximum amount which the Corporation may at any time have on loan under sub-section (1) shall not exceed rupees one thousand crores, unless the State Government fixes a higher maximum limit for this purpose.

Where this provision sits

ActThe Maharashtra Krishna Valley Development Corporation Act, 1996
Section33
Marginal notePower of Corporation to borrow.
JurisdictionState of Maharashtra
StatusIn force as published by the source

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