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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 51: Board not to sell, alienate or divest its assets, properties, rights, powers and authorisations without sanction of Central Government
- Section 32: Application to Adjudicatory Board
- Section 47: Power of Central Government to restore or complete works at cost of Board
- Section 7: Disclosure of interest
- Section 24: Contracts by Board
Related Acts
* Only for reference.