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Bureau of Indian Standard Act, 1986

19. Borrowing powers of the bureau.-

(1) The Bureau may, with the consent of the Central Government or in accordance with the terms of any general or special authority given to it by the Central Government borrow money from any source as it may deem fir for discharging all or any of its functions under this Act.

(2) The Central Government may guarantee in such manner as it thinks fit, the repayment of the principal and the payment of interest thereon with respect to the loans borrowed by the Bureau under subsection (1).

Bureau of Indian Standard Act, 1986 Back

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