Login : Advocate | Client
Home Post Your Case My Account Law College Law Library

The Andhra Pradesh reorganization Act, 2014

55. Floating Debt.

All liabilities of the existing State of Andhra Pradesh in respect of any floating loan to provide short term finance to any local body, body corporate or other institution, shall be determined on the following basis, namely:--

a.   if, the purposes of the floating loan are, on and from the appointed day, exclusive purposes of either of the successor States, then, of that State;

b.   in any other case, it shall be divided on the basis of population ratio.

Andhra Pradesh Reorganization Act, 2014 Back

Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered and driven by neosys