Act Number: 14

Act Name: The Damodar Valley Corporation Act, 1948

Year: 1948

Enactment Date: 1948-03-27

Long Title: An Act to provide for the establishment and regulation of a Corporation for the development of the Damodar Valley in the Provinces of Bihar and West Bengal.

Ministry: Ministry of Power

Department:

Section 39: Interest charge and other expenses to be added to and receipts taken for reduction of capital cost.
    For a period, not exceeding fifteen years, from the establishment of the Corporation, if the Corporation runs in deficit, the interest 28 charges and all other expenditure shall be added to the capital cost and all receipts shall be taken in reduction of such capital cost.
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