The Embankment and Drainage Act, 1952 (East Bengal Act)
Section 51Interest payable on amount apportioned
In force
Part V COST OF WORKS, PROCEEDINGS, ETC.
s. 51
51. Interest payable on amount apportioned Interest shall be charged from the date of apportionment on the amount apportioned, less any instalment of such amount paid from time to time. The interest so charged shall be at the rate of five per centum, or at such rate, not exceeding five per centum, per annum, as the Government or the Authority may from time to time determine.
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