Section 12A: [ Power of Corporation to borrow money. [Inserted by Act 3 of 1974, Section 11, (w.e.f. 7-4-1975)]

Q: What does Section 12A of The National Co-operative Development Corporation Act, 1962 (TNCDCA) deal with?

Section 12A TNCDCA pertains to "[ Power of Corporation to borrow money. [Inserted by Act 3 of 1974, Section 11, (w.e.f. 7-4-1975)]". It is part of the The National Co-operative Development Corporation Act, 1962, a legislation enacted by the Parliament of India. Section 12A of The National Co-operative Development Corporation Act, 1962 (TNCDCA) governs [ Power of Corporation to borrow money. [Inserted by Act 3 of 1974, Section 11, (w.e.f. 7-4-1975)]. As verified on 19 May 2026.

Q: Is Section 12A TNCDCA still in force?

Yes, Section 12A of the The National Co-operative Development Corporation Act, 1962 is currently in force across the Republic of India.

Q: What is धारा 12A TNCDCA?

धारा 12A TNCDCA is the Devanagari Hindi reference for Section 12A of the The National Co-operative Development Corporation Act, 1962. Section 12A of The National Co-operative Development Corporation Act, 1962 (TNCDCA) governs [ Power of Corporation to borrow money. [Inserted by Act 3 of 1974, Section 11, (w.e.f. 7-4-1975)]. As verified on 19 May 2026.

Q: What is Dhara 12A TNCDCA?

Dhara 12A TNCDCA is the Roman Hindi reference for Section 12A of the The National Co-operative Development Corporation Act, 1962. "Dhara" means "Section" in Hindi. Section 12A of The National Co-operative Development Corporation Act, 1962 (TNCDCA) governs [ Power of Corporation to borrow money. [Inserted by Act 3 of 1974, Section 11, (w.e.f. 7-4-1975)]. As verified on 19 May 2026.

Q: How to cite Section 12A of The National Co-operative Development Corporation Act, 1962?

Cite as: "Section 12A, The National Co-operative Development Corporation Act, 1962 (TNCDCA)" in legal briefs. For academic writing, use the BlueBook format: The National Co-operative Development Corporation Act, 1962, § 12A (India).

Law on Tips Editorial Board

(1)

The Corporation may, for the purposes of carrying out its functions under this Act, and with the previous approval of, and subject to the directions of the Central Government, borrow money from—

(a) the public by the issue or sale of bonds or debentures. or both, carrying interest at such rates as may be specified therein;

(b) any bank or other financial institution:

(c) any other authority, organisation or institution as may be specially approved by the Central Government in this behalf.

(2)

The Central Government may guarantee the repayment of the moneys borrowed by the Corporation under clause (a) or clause (b) or clause (c) of sub-section (1) and the payment of interest thereon and other incidental charges.]

[12B. Grants, donations, etc. - (1) The Corporation may receive gifts, grants, donations or benefactions from Government or any other agency in or outside India.

(2)

The Corporation shall not receive any gifts, grants, donations or benefactions from a foreign government or any other agency outside India except with the previous approval of the Central Government]

[Inserted by Act 45 of 2002 (w.e.f. 14.8.2002) ]