section 54
Power to raise loans.
The Maharashtra Maritime Board Act, 1996Infrastructure1996118 sections11 chapters
Chapter VII BORROWING POWERS OF BOARD
Statutory text
- (1) The Board may raise loans, with the previous sanction of the Government on such terms and conditions as may be prescribed by rules by Government for the purposes of this Act.
- (2) Loans may be raised by the Board in the open market on the Board Securities issued by it or may be obtained from the Government or a Bank approved by the Government.
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