Act Number: 38

Act Name: The Major Port Trusts Act, 1963

Year: 1963

Enactment Date: 1963-10-16

Long Title: An Act to make provision for the constitution of port authorities for certain major ports in India and to vest the administration, control and management of such ports in such authorities and for matters connected therewith.

Ministry: Ministry of Shipping

Department:

Section 95: Power of Board to compound or compromise claims.
    Every Board may compound or compromise any claim or demand or any action or suit instituted by or against it for such sum of money or other compensation as it deems sufficient:
     Provided that no settlement shall be made under this section without the previous sanction of the Central Government if such settlement involves the payment by the Board of a sum exceeding such amount as may be specified by the Central Government in this behalf.
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