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Bare acts > Land Ports Authority of India Act, 2010 > Section 24
 
 
  

24. Borrowing powers of Authority. - (1) The Authority 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 by the issue of bonds, debentures or such other instruments as it may deem fit 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 taken by the Authority under sub-section (1).


(3) Subject to such limits as the Central Government may, from time to time, lay down, the Authority may borrow temporarily by way of overdraft or otherwise, such amount as it may require for discharging its functions under this Act.

 
 

 

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6. Vacation of office of members. - The Central Government shall remove a member if, he--


(a) becomes subject to any of the disqualifications mentioned in section 4:


Provided that no member shall be removed on the ground that he has become subject to the disqualification mentioned in clause (e) of that section, unless he has been given a reasonable opportunity of being heard in the matter; or


(b) refuses to act or becomes incapable of acting; or


(c) is, without obtaining leave of absence from the Authority, absent from three consecutive meetings of the Authority; or


(d) in the opinion of the Central Government, has so abused his position as to render his continuance in office detrimental to the public interest:


Provided that no member shall be removed under this clause unless he has been given a reasonable opportunity of being heard in the matter.

 
 
 
 
 

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