Security for loans taken out by Boards of Major Port Authorities
Section 38 of the Major Port Authorities Act, 2021 deals with security for loans taken out by Boards of Major Port Authorities. If a loan is raised by the Board of any Major Port and a security other than the port security is required to be furnished to secure such loan, the Board of that Major Port may secure such loan against— (a) the port assets other than— (i) any sum set apart by the Board— (A) as the sinking fund for t The Act came into force on 03 Nov 2021.
If a loan is raised by the Board of any Major Port and a security other than the port security is required to be furnished to secure such loan, the Board of that Major Port may secure such loan against—
(a) the port assets other than—
(i) any sum set apart by the Board—
(A) as the sinking fund for the purpose of paying off any loan; or
(B) for the payment of pension to its employees; or
(ii) the provident or pension fund established by the Board; and
(b) income of the Board from the port assets and services.
Section 38, The Major Port Authorities Act, 2021 (Act 1 of 2021).
Questions about Section 38
What does Section 38 of the Major Port Authorities Act deal with?
Section 38 of the Major Port Authorities Act is headed "Security for loans taken out by Boards of Major Port Authorities". If a loan is raised by the Board of any Major Port and a security other than the port security is required to be furnished to secure such loan, the Board of that Major Port may secure such loan against— (a) the port assets other than— (i) any sum set apart by the Board— (A) as the sinking fund for t
How do I find court cases under Section 38 of the Major Port Authorities 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: Major Port Authorities Act 38, section 38 Major Port Authorities Act, section 38 of the Major Port Authorities Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 38 of the Major Port Authorities Act come into force?
Section 38 of the Major Port Authorities Act, cited as Major Port Authorities Act 38, came into force on 03 Nov 2021, having been enacted on 17 Feb 2021. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions1028 words
- 75. Repeal and savings581 words
- 54. Constitution of Adjudicatory Board571 words
- 68. Power to evict certain persons from premises of Board484 words
- 26. Powers of Board in respect of planning and development462 words
- 21. Board to be deemed as successor of Board of Trustees of Major Port461 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 17 Oct 2026. This page is not a substitute for legal advice.