Application of money in general accounts
Section 43 of the Major Port Authorities Act, 2021 deals with application of money in general accounts. The monies credited to the general account or accounts under section 42, shall be applied by the Board in payment of the following charges, namely:— (a) the salaries, fees, allowances, pensions, gratuities, compassionate allowances or other monies due to— (i) the Members of the Board except Members The Act came into force on 03 Nov 2021.
(1) The monies credited to the general account or accounts under section 42, shall be applied by the Board in payment of the following charges, namely:—
(a) the salaries, fees, allowances, pensions, gratuities, compassionate allowances or other monies due to—
(i) the Members of the Board except Members appointed under clauses (d), (e) and (f) of sub-section (1) of section 3;
(ii) the serving and retired employees of the Board; and
(iii) the surviving relatives, if any, of such employees;
(b) the cost and expenses, if any, incurred by the Board in the conduct and administration of any provident or welfare fund or loan or special fund established by the Board;
(c) the maintenance, development, security and protection of the Board and the docks, warehouses and other port assets;
(d) the cost of repairs and maintenance of the property belonging to or vested in the Board and all charges upon the same and all working expenses;
(e) the costs, expenses, sums, payments and contributions to be made or incurred by the Board for the purposes provided under sections 25 and 26; and
(f) any other charge or expenditure for which the Board may be legally liable.
(2) All monies standing to the credit of the Board which cannot immediately be applied in the manner or for the purposes specified in sub-section (1) may be used for such lawful purposes as the Board may from time to time decide.
(3) Notwithstanding anything contained in section 42 and sub-sections (1) and (2), monies received by or on behalf of the Board from non-port related use except those falling under section 70 shall be credited to a designated account and shall be applied by the Board for capital investment or for such purposes as may be prescribed.
Section 43, The Major Port Authorities Act, 2021 (Act 1 of 2021).
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Questions about Section 43
What does Section 43 of the Major Port Authorities Act deal with?
Section 43 of the Major Port Authorities Act is headed "Application of money in general accounts". The monies credited to the general account or accounts under section 42, shall be applied by the Board in payment of the following charges, namely:— (a) the salaries, fees, allowances, pensions, gratuities, compassionate allowances or other monies due to— (i) the Members of the Board except Members
How do I find court cases under Section 43 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 43, section 43 Major Port Authorities Act, section 43 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.
What should I read with Section 43 of the Major Port Authorities Act, and has it changed?
Its own text turns on section 3 (Constitution and composition of Board of Major Port Authority), section 25 (Master Plan), section 26 (Powers of Board in respect of planning and development), section 42 (General accounts of Board), and on 1 further provision, so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When did Section 43 of the Major Port Authorities Act come into force?
Section 43 of the Major Port Authorities Act, cited as Major Port Authorities Act 43, 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.