Fund of the Authority

In force From 31 Oct 1970 Act 21 of 1970 As on 23 Oct 2026

Act 21 of 1970 Enacted 31 Oct 1970 In force 31 Oct 1970 Instruments 1

Section 19 of the Jammu and Kashmir Development Act, 1970 deals with fund of the Authority. The Authority shall have and maintain its own fund to which shall be credited–– (a) all moneys received by the Authority from the Central or *[State Government] by way of grants, loans, advances or otherwise ; The Act came into force on 31 Oct 1970.

(1) The Authority shall have and maintain its own fund to which shall be credited––
(a) all moneys received by the Authority from the Central or ^*[State Government] by way of grants, loans, advances or otherwise ;
(b) all moneys borrowed by the Authority from sources other than the Government by way of loans or debentures ;
(c) all fees and charges received by the Authority under this Act ;
(d) all moneys received by the Authority from the disposal of lands, buildings and other properties, movable and immovable ; and
(e) all moneys received by the Authority by way of rents and profits or in any other manner or from any other source.
(2) The funds shall be applied towards meeting the expenses incurred by the Authority in the administration of this Act and for no other purposes.
(3) The Authority may keep in current account of the Jammu and Kashmir Bank or any other Bank approved by the Government in this behalf such sum of money out of its fund, as may be prescribed by rules, and any money in excess of the said sum shall be invested in such manner as may be approved by the Government.
(4) The Government may make such grants, advances and loans to the Authority, as the Government may deem necessary, for the performance of the functions of the Authority under this Act, and all grants, loans and advances made shall be on such terms and conditions as the Government may determine.
(5) The Authority may borrow money by way of loans or debentures from such sources and on such terms and conditions as may be approved by the Government.
(6) The Authority shall maintain a sinking fund for the repayment of money borrowed under sub-section (5) and shall pay every year into the sinking fund such sum as may be sufficient for re-payment within the period fixed for all the moneys so borrowed.
(7) The sinking fund or any part thereof shall be applied in or towards the discharge of the loan for which such fund was created, and until such loan is wholly discharged it shall not be applied for any other purpose.
Section 19, The Jammu and Kashmir Development Act, 1970 (Act 21 of 1970).

Made under this section, and citing it

1 instrument names this provision in its title or its text without being made under it.

Jammu and Kashmir Development Authority Rules, 1976.Rule 1976

All subordinate legislation

Questions about Section 19

What does Section 19 of the Jammu and Kashmir Development Act deal with?

Section 19 of the Jammu and Kashmir Development Act is headed "Fund of the Authority". The Authority shall have and maintain its own fund to which shall be credited–– (a) all moneys received by the Authority from the Central or *[State Government] by way of grants, loans, advances or otherwise ;

How do I find court cases under Section 19 of the Jammu and Kashmir Development Act?

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: Jammu and Kashmir Development Act 19, section 19 Jammu and Kashmir Development Act, section 19 of the Jammu and Kashmir Development Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 19 of the Jammu and Kashmir Development Act, and has it changed?

One instrument names it without being made under it, most recently Jammu and Kashmir Development Authority Rules, 1976. (1976).

When did Section 19 of the Jammu and Kashmir Development Act come into force?

Section 19 of the Jammu and Kashmir Development Act, cited as Jammu and Kashmir Development Act 19, came into force on 31 Oct 1970, having been enacted on 31 Oct 1970. It is in force as at the date shown on this page.

Other sections of this Act

22-AF. Other Powers of Corporation889 words
2. Definitions687 words
57. Development of Housing Colonies outside local area586 words
39. Services of notices, etc560 words
22-AL. Service of Notice etc497 words
51. Power to make rules489 words

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. Text as in force on 23 Oct 2026. This page is not a substitute for legal advice.