Industrial Reconstruction Bank of India Act : Debits to Reconstruction Assistance Fund. Indian Bare

Industrial Reconstruction Bank of India Act,1984

Act No : 62

Section : Debits to Reconstruction Assistance Fund.

28. Debits to Reconstruction Assistance Fund.- (1) To the Reconstruction Assistance Fund shall be debited-- (a) such amounts as may from time to time be disbursed or spent under section 27; (b) such amounts as may be required for discharging the liabilities in respect of loans received for the purposes of that Fund; (c) any loss arising on account of investment made out of that Fund; and (d) such expenditure arising out of, or in connection with, the administration and application of the Fund as may be determined by the Board. (2) No amount shall be debited to the Reconstruction Assistance Fund except as provided for in sub-section (1).