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 16: Grants and loans to the Corporation.
    The Central Government may, after due appropriation made by Parliament by law in this behalf, make such grants and advance such loans to the Corporation as the Central Government may deem necessary for the performance of the functions of the Corporation under this Act; and all grants made and all loans advanced shall be on such terms and conditions as the Central Government may determine.
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