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 18: Repayment of capital and loan with interest.
    The Corporation shall repay, at such intervals and on such terms as the Central Government may determine, the amount of capital provided under section 15 and all loans advanced under section 16 with interest at such rate as may, from time to time, be fixed by that Government and such repayment of capital or loan or payment of interest shall be deemed to be part of the expenditure of the Corporation.
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