section 102
Power to discontinue payments into sinking fund.
The Trivandrum City Improvement Trust Act, 1960Civil1960160 sections7 chapters
Chapter V FINANCE
Statutory text
Notwithstanding anything contained in section 101, if at any time the sun standing at credit of the sinking fund established for the repayment of any loan is of such amount that, if allowed to accumulate at the rate of interest prescribed under sub-section (2) of that section, it will be sufficient to repay the loan at the end of the period approved by the Government, then, with the permission of the Government, further annual payments into such funds may be discontinued.
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