section 81
Power to discontinue payments into sinking fund.
The Puducherry Housing Board Act, 1973Infrastructure1973134 sections
Statutory text
Notwithstanding anything contained in section 80, if at any time the sum standing at credit of the sinking fund established for repayment of any loan is of such amount that if allowed to accumulate at the rate of interest prescribed by rules under sub-section (2) of that section, it will be sufficient to repay the loan at the end of the period agreed upon by the Board, then the Board may discontinue further annual payment into such fund.
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