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Section 18: Power of the Corporation to borrow

Uttar Pradesh Forest Corporation Act 1974State Act of Uttar Pradesh · Act 4 of 1975

(1) The Corporation may from time to time, with the previous sanction of the State Government and subject to the provisions of this Act and to such conditions as the State Government may be general or special order determine, borrow any sum required for the purposes of this Act, whether by the issue of bonds or stocks or otherwise or by making arrangement with bankers.

(2) Stock issued by the Corporation under this section shall be issued, transferred, dealt with and redeemed in such manner as the State Government may by, general or special order, direct.

Where this provision sits

ActUttar Pradesh Forest Corporation Act 1974
Section18
Marginal notePower of the Corporation to borrow
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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