Section 116
Section 116 of the Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008). For the purpose of investment of any portion of the Municipal Fund, including Sinking Fund, in the debentures issued by the Municipality for raising a loan, the Municipality may, within the limits set by the comprehensive debt limitation policy framed under section I 08, reserve and set apart any po
(1) For the purpose of investment of any portion of the Municipal Fund, including Sinking Fund, in the debentures issued by the Municipality for raising a loan, the Municipality may, within the limits set by the comprehensive debt limitation policy framed under section I 08, reserve and set apart any portion of such debentures for issue at par thereto in the name of the Municipality provided that the intention so to reserve and set apart such debentures shall have been notified as a condition of raising the loan.
(2) The issue of any debentures by the Municipality under sub-section (1) shall not operate to extinguish or cancels such debentures, but issued to, and in the name of, any other person.
(3) The purchase by, or the transfer, assignment or endorsement to, the Municipality of any debenture issued by it shall not operate to extinguish or cancel such debenture and every such debenture shall be valid and negotiable in the same manner and to the same extent as if it were held by or transferred, assigned or endorsed to, any other person.
Section 116, The Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008) (Act 4 of 2008).
Questions about Section 116
How do I find court cases under Section 116 of the Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008)?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008) 116, section 116 Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008), section 116 of the Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008). Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008) enacted?
Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008) was enacted in 2008 as Act 4 of 2008. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/8342ee79-1a06-4377-85ff-be178b2c9d09.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/82e28fee-0fa8-4c5c-a43a-af549eccb9a8/content). This page is not a substitute for legal advice.