The Major Port Authorities Act, 2021 · IV — POWERS OF BOARDS OF MAJOR PORT AUTHORITIES IN RESPECT OF LOANS AND SECURITIES A. FINANCIAL POWERS OF BOARDS OF MAJOR PORT AUTHORITIES

Section 42. General accounts of Board

In force · As amended up to 2026-08

42. General accounts of Board.— All monies received by or on behalf of the Board under the provisions of this Act shall be credited to such general account or accounts of the Board which the Board may from time to time generally open with any Nationalised Bank or any Scheduled Bank as per the guidelines of the Ministry of Finance, Government of India.

Source: India Code