Section 42: Disposal of profits and deficits.

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

(1) Subject to the provisions of sub-section (2) of section 44 of this Act, the net profit, if any, attributable to each of the main objects, namely, irrigation and power, shall be fully credited to the Corporation.

(2) The net deficit, if any, in respect of any of the objects shall be solely borne by the State Government.

Where this provision sits

Act	The Maharashtra Krishna Valley Development Corporation Act, 1996
Section	42
Marginal note	Disposal of profits and deficits.
Jurisdiction	State of Maharashtra
Status	In force as published by the source

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