CourtMesh

Section 15: Sinking Fund.

The Meghalaya Ropeway Act, 2022 (Act No. 14 of 2022)State Act of Meghalaya · Act 14 of 2022

(1) The Authority shall maintain a Sinking Fund for the repayment of money borrowed or floated or issuing debentures by it.

(2) The money paid into the Sinking Fund shall be invested in such a manner and in such securities as may be prescribed by the State Government.

(3) The Sinking Fund or any part thereof shall be applied as per rules in or towards the discharge of the loan or part thereof for which such fund is created and until such loan or part thereof is wholly discharged, the money standing to the credit of the fund shall be applied for no other purpose.

Where this provision sits

ActThe Meghalaya Ropeway Act, 2022 (Act No. 14 of 2022)
Section15
Marginal noteSinking Fund.
JurisdictionState of Meghalaya
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Meghalaya Ropeway Act, 2022 (Act No. 14 of 2022) is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.