Section 15
Capital of the Corporation.
The Faridabad Development Corporation Act, 1956
About this Act
An Act to provide for the establishment and regulation of a trading Corporation for the purpose of carrying on and promoting trade and industry in the town of Faridabad, assisting in the rehabilitation of displaced persons settled therein and for matters connected therewith.
All non-recurring expenditure incurred by the Central Government
or the body known as the Faridabad Development Board for and in connection with the development of
Faridabad or for any of the purposes referred to in this Act upto the date of the establishment of the
Corporation and declared to be capital expenditure by the Central Government shall be treated as the
capital provided by the Central Government to the Corporation.