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[Cites 0, Cited by 0] [Section 84E] [Entire Act]

State of Maharashtra - Subsection

Section 84E(1) in Nagpur Improvement Trust Act, 1936

(1)Wherever the [State] Government has approved the repayment of a loan from a sinking fund, the Trust shall establish such a fund, and shall pay into it every year, until the loan is repaid, a sum so calculated that, if regularly paid throughout the period approved by the [State] [Substituted for 'Provincial' by A. O. 1950.] Government, it would, with accumulations in the way of compound interest, be sufficient after payment of all expense, to pay off the loan at the end of that period.