Damodar Valley Corporation Act : Interest charge and other expenses to be added to and receipts

Damodar Valley Corporation Act,1948

Act No : 14

Section : Interest charge and other expenses to be added to and receipts takenfor reduction of capital cost.

39. Interest charge and other expenses to be added to and receipts taken for reduction of capital cost. For a period, not exceeding fifteen years, from the establishment of the Corporation, if the Corporation runs in deficit, the interest 28 charges and all other expenditure shall be added to the capital cost and all receipts shall be taken in reduction of such capital cost.