Act Number: 90

Act Name: The Faridabad Development Corporation Act, 1956

Year: 1956

Enactment Date: 1956-12-28

Long Title: 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.

Ministry: Ministry of Law and Justice

Department: Legislative Department

Section 15: Capital of the Corporation.
    All non-recurring expenditure incurred by the Central Government or the body known as the Faridabad Development Board for and in connection with the development of Faridabad or for any of the purposes referred to in this Act upto the date of the establishment of the Corporation and declared to be capital expenditure by the Central Government shall be treated as the capital provided by the Central Government to the Corporation.
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