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 40: Provision for depreciation and reserve and other funds.
    (1) The Corporation shall make provision for depreciation and for reserve and other funds at such rates and on such terms as may be specified by the Auditor-General of India in consultation with the Central Government.
     (2) The net profit for the purposes of section 37 shall be determined after such provision has been made.
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