Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 35 -Air Corporations Act, 1953

Air Corporations Act, 1953

 

 

35. Prior approval of Central Government necessary in certain cases.—

 

Neither Corporation shall, without the previous approval of the Central Government—

 

(a) undertake any capital expenditure for the purchase or acquisition of any immovable property or aircraft or any other thing at a cost exceeding 1[such amount as the Central Government may, from time to time, by order, fix in the behalf];

 

(b) enter into a lease of any immovable property for a period exceeding 2[ten years]; or

 

(c) in any manner dispose of any property, right or privilege having an original or book value exceeding 1[such amount as the Central Government may, from time to time, by order, fix in this behalf].

 

—————

1. Subs. by Act 24 of 1982, sec. 2 (w.e.f. 21-5-1982).

 

2. Subs. by Act 49 of 1971, sec. 8 (w.e.f. 1-2-1972).

 

 

Previous | Next

 

Air Corporations Act, 1953

 

Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation