The Air Corporation Act 1953, 27 of 1953, (Rep., Act 13 of 1994) · III — FINANCE, ACCOUNTS AND AUDIT

Section 3. Powers of the Corporations in regard to expenditure

Repealed or not in force · As amended up to 2026-08

13. Powers of the Corporations in regard to expenditure.—Each of the Corporations shall have power, subject to the provisions of this Act, to spend such sums as it thinks fit on objects or for purposes authorised by this Act and such sum shall be treated as expenditure out of the funds of that Corporation.

Source: India Code