section 6C
Fund to be kept in scheduled bank
The Bombay Labour Welfare Fund Act, 1953 as extended to Union Territory of DelhiLabour195331 sections
Statutory text
(1) All moneys belonging to the Fund shall be deposited in the Reserve Bank of India or the State Bank of India or any other bank specified by the State Government in this behalf. (2) The Board may, with the approval of the State Government, invest the portion of the Fund in such securities as may be prescribed.
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