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THE JAMMU AND KASHMIR MUNICIPAL CORPORATION ACT, 2000

Section 150. Annual statement by Commissioner.

(1) The Commissioner shall, at the end of every year, submit to Corporation a statement showing :–– (a) the amount which has been invested during the year under section 148 ; (b) the date of the last investment made prior to the submission of the statement ; (c) the aggregate amount of the securities then in his hand ; and (d) the aggregate amount which has up to the date of the statement been applied under section 149, in or towards discharging loans. (2) A copy of every such statement shall also be submitted to the Government.

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