Bureau of Indian Standards Act : BORROWING POWERS OF THE BUREAU Indian Bare Acts :

Bureau of Indian Standards Act,1986

Act No : 63

Section : BORROWING POWERS OF THE BUREAU

SECTION 19: BORROWING POWERS OF THE BUREAU

(1) The Bureau may with the consent of the Central Government or in accordance with the terms of any general or special authority given to it by the Central Government, borrow money from any source as it may deem it for discharging all or any of its functions under this Act.

(2) The Central Government may guarantee in such manner is it thinks fit, the repayment of the principal and the payment of interest thereon with respect to the loans borrowed by the Bureau under sub-section (1).