The Local Authorities Loans Act, 1914
The Local Authorities Loans Act is an Indian law that provides for the borrowing of money by local authorities.
Local Authorities Loans Borrowing Government Reserve Bank Of India Financial Institutions
Summary
The Local Authorities Loans Act, 1914 is an Indian law that provides for the borrowing of money by local authorities. It lays down rules and regulations for the local authorities to obtain loans from the government, Reserve Bank of India, or any other financial institutions. The Act specifies the conditions under which the loans can be obtained and the purposes for which they can be used. It also provides for the repayment of loans and the interest rates to be charged. The Act aims to facilitate the financial management of local authorities and promote their development.
Table of Contents
Showing up to 15 sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title And Extent | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Borrowing Powers Of Local Authorities | Open |
| 4 | Section 4: Power To Government To Make Rules | Open |
| 5 | Section 5: Remedy By Attachment If Loan Not Repaid | Open |
| 6 | Section 6: Issue Of Short Term Bills | Open |
| 7 | Section 7: Loans Not To Be Effected Except Under This Act | Open |
| 8 | Section 8: Application Of Act To Loans Existing Previous To The Fifth Of September, 1871 | Open |
| 9 | Section 9: Repealed | Open |
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