section 44
Depreciation Fund.
The Konkan Irrigation Development Corporation Act, 1997Infrastructure199771 sections7 chapters
Chapter VI FINANCE, ACCOUNTS AND AUDIT
Statutory text
- (1) The Corporation may make provision for depreciation fund at such rates and on such terms as may be specified by the Comptroller and Auditor-General of India, and in consultation with the State Government.
- (2) The net profit for the purpose of section 42 shall be determined after such provision has been made.
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