Section 18
Repayment of capital and loan with interest.
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.
The Corporation shall repay, at such intervals
and on such terms as the Central Government may determine, the amount of capital provided under
section 15 and all loans advanced under section 16 with interest at such rate as may, from time to time, be
fixed by that Government and such repayment of capital or loan or payment of interest shall be deemed to
be part of the expenditure of the Corporation.