section 150
Annual statement by Commissioner.
The Jammu and Kashmir Municipal Corporation Act, 2000Infrastructure2000446 sections
Statutory text
- (1) The Commissioner shall, at the end of every year, submit to Corporation a statement showing :––
- (a) the amount which has been invested during the year under section 148 ;
- (b) the date of the last investment made prior to the submission of the statement ;
- (c) the aggregate amount of the securities then in his hand ; and
- (d) the aggregate amount which has up to the date of the statement been applied under section 149, in or towards discharging loans.
- (2) A copy of every such statement shall also be submitted to the Government.
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