section 22
Power to impose conditions for loans.
The Punjab Backward Classes Land Development and Finance Corporation Act, 1976General197637 sections
Statutory text
In making any loan authorised by this Act, the Corporation may impose such conditions as it may think necessary or expedient for protecting the interests of the Corporation:Provided that the rate of interest chargeable on such loans shall in no case exceed the rate of interest chargeable on the loans advanced under the Punjab State Aid to Industries Act, 1935.
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