Power to borrow

Power to borrow:-

1. (1) The Corporation may, with the previous sanction of the Government and subject to the provisions of this Act and to such conditions as may be imposed by the Government, borrow money from any source by the issue of bonds, debentures, stocks or such other instruments as it may deem fit for carrying out any of the purposes of this Act.
2. (2) The Corporation may also borrow money by way of temporary loan or overdraft from any bank or from the Government.