State Act

99

Section 99. Annual statement by trustees

THE ORISSA TOWN PLANNING & IMPROVEMENT TRUST ACT, 1956

Act no. 10 of 19571957In forceOdisha (State Act)

99 - Annual statement by trustees :- (1) The aforesaid trustees shall at the end of every financial year, transmit to the Chairman a statement showing- (a) the amount which has been invested during the year under Section 97; (b) the date of the last investment made previous to the transmission of the statement; (c) the aggregate amount of the security held by them; (d) the aggregate amount which has, upto the date of the statement, been applied under Section 98 in or towards repaying loans; and (e) the aggregate amount already paid into each sinking fund. (2) Every such statement shall be laid before the Planning authority and published in the Gazette.