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 21: Provision for depreciation and reserve and other funds.
    (1) The Corporation shall make such provision for depreciation and for reserve and other funds as the Central Government may from time to time direct.
     (2) The management of these funds, the sums to be carried from time to time to the credit thereof and the application of the moneys comprised therein shall be determined in accordance with such directions as the Central Government may from time to time issue.
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