Damodar Valley Corporation Act, 1948

Bare Act · 1948

An Act to provide for the establishment and regulation of a Corporation for the development of the Damodar Valley in the Provinces of Bihar and West Bengal.

Act number: 14 of 1948
Enacted: 27 March 1948
Contents: 60 sections · 4 chapters

The first 5 sections are free to read. Sign in free to read the rest.

Part I — Introductory

Part II — Establishment Of The Corporation

Part IV — Finance, Accounts And Audit

Section 27 – Expenditure till the Corporation is established (preview)
Section 28 – Vesting of property in the Corporation (preview)
Section 29 – Fund of the Corporation (preview)
Section 30 – Liabilities of participating Governments to provide capital to the Corporation (preview)
Section 31 – Payment by participating Government on specified date (preview)
Section 32 – Expenditure on objects other than irrigation, power and flood control (preview)
Section 33 – Allocation of expenditure chargeable to project on main objects (preview)
Section 34 – Capital allocated to irrigation (preview)
Section 35 – Capital allocated to power (preview)
Section 36 – Capital allocated to flood control (preview)
Section 37 – Disposal of profits and deficits (preview)
Section 38 – Payment of interest (preview)
Section 39 – Interest charge and other expenses to be added to and receipts taken for reduction of capital cost (preview)
Section 40 – Provision for depreciation and reserve and other funds (preview)
Section 41 – Corporation's share in betterment levy by State Governments (preview)
Section 42 – Borrowing of money (preview)
Section 43 – Liability to pay Central taxes (preview)
Section 44 – Budget (preview)
Section 45 – Annual report (preview)
Section 46 – Other annual financial statements (preview)
Section 47 – Accounts and audit (preview)

Part V — Miscellaneous

Section 48 – Directions by the Central Government (preview)
Section 49 – Disputes between the Corporation and Governments (preview)
Section 50 – Compulsory acquisition of land for the Corporation (preview)
Section 51 – Control of Central Government (preview)
Section 52 – Application of certain provisions of the Indian Forest Act, 1927, to the forests of the Corporation (preview)
Section 53 – Punishment (preview)
Section 54 – Procedure for prosecution (preview)
Section 55 – Power of entry (preview)
Section 56 – Members, officers and servants of the Corporation to be public servants (preview)
Section 57 – Protection of action taken under the Act (preview)
Section 58 – Effect of other laws (preview)
Section 59 – Power to make rules (preview)
Section 60 – Power to make regulations (preview)

Contents

Part I — Introductory

Part II — Establishment Of The Corporation

Part IV — Finance, Accounts And Audit

Part V — Miscellaneous