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Section 42 - Major Port Authorities Act, 2021
The Major Port Authorities Act, 2021
B. General Account of Major Port Authorities
42. General accounts of Board.-
All monies received by or on behalf of the Board under the provisions of this Act shall be credited to such general account or accounts of the Board which the Board may from time to time generally open with any Nationalised Bank or any Scheduled Bank as per the guidelines of the Ministry of Finance, Government of India.
Related Sections
- Section 25: Master Plan
- Section 61: Officers and employees of Adjudicatory Board
- Section 50: Power of Central Government to exempt from obligation to use port assets
- Section 31: Recovery of rates and charges by distraint of vessel
- Section 39: Power of Board to repay loans to Government before due date
Related Acts
* Only for reference.