State Act

34

Section 34. Disposal of profits and deficits.

The Maharashtra Water Conservation Corporation Act, 2000.

Act no. III of 20012001In forceMaharashtra (State Act)

34. Disposal of profits and deficits.— (1) Subject to the provisions of sub-section (2) of section 36 of this Act, the net profit, if any, attributable to each of the objects shall be fully credited to the Corporation. (2) The net deficit, if any, in respect of the objects shall be solely borne by the State Government.