NATIONAL INSTITUTE FOR HOSPITALITY AND TOURISM (ESTABLISHMENT) ACT, 2022.
Section 26: Borrowing power.
The Institute may, with the approval of the Minister, borrow such sums by way of loan, overdraft or from any other source, as may be required for the performance of its functions and meeting its obligations under this Act, and any interest payable on money so borrowed shall be paid out of the Fund of the Institute.
Cite this section
Section 26, NATIONAL INSTITUTE FOR HOSPITALITY AND TOURISM (ESTABLISHMENT) ACT, 2022. (2022).
https://repo.podus.ai/laws/national-institute-for-hospitality-and-tourism-establishment-act-2022/section/26/