Section 39

Investments in and loans, etc., to certain corporate bodies.

The Goa, Daman and Diu Reorganisation Act, 1987

  • Act 18 of 1987
  • Ministry of Home Affairs
  • Department of States
About this Act

An Act to provide for the reorganisation of the Union territory of Goa, Daman and Diu and for matters connected therewith.

All sections
    Where any body corporate constituted under a Central Act or a State Act for the existing Union territory, or any part thereof, has, by virtue of the provisions of Part II, become an inter-State body corporate, the investments in, or loans or advances to any such body by the Union made before the appointed day shall be divided between the State of Goa and the Union in such manner as may be agreed between them before the expiration of one year from the appointed day, or in default of such agreement in such manner as the Central Government may, by order, direct.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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