State Act
5
Section 5. Repayment of Loans.
The Dadra and Nagar Haveli and Daman and Diu State Aid to Industries Act, 1965 (No. 15 of 1965)
Act no. 15 of 19651965In forceDadra and Nagar Haveli and Daman and Diu (State Act)
5. Repayment of Loans.— Every loan shall be re-payable by installments (in the form of annuity or otherwise) together with interest (including penal interest), if any, at such rate or rates and within such period from the date of actual advance of the loan, as may, from time to time, be prescribed by rules made under section 7: Provided that nothing in this section shall prevent the borrower from repaying all or any of the installments of the loan at any time earlier than the due date.