Section 52: Investment of surplus moneys.

The New Delhi Municipal Council Act, 1994Central Act · Act 44 of 1994

(1) Surplus money standing at the credit of General Account of the New Delhi Municipal Fund which cannot immediately be applied for the purposes specified in section 50 shall be deposited in the State Bank of India or in such scheduled bank or banks as the Council may select or be invested in public securities

(2) The loss, if any, arising from such deposit or investment shall be debited to the General Account of the New Delhi Municipal Fund.

Where this provision sits

Act	The New Delhi Municipal Council Act, 1994
Section	52
Marginal note	Investment of surplus moneys.
Jurisdiction	Central
Status	In force as published by the source

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