section 23
Reserve and other funds
The Gujarat Industrial Development Act, 1962Corporate196217 sections3 chapters
Chapter III FUNCTIONS AND POWERS OF THE CORPORATION
Statutory text
- (1) The Corporation shall make provision for such reserve and other specially denominated funds and in such manner and to such extent as the State Government may, from time to time, direct.
- (2) The management of the funds referred to in sub-section (1), the sums to be transferred from time to time to the credit thereof, and the application of money comprised therein, shall be determined by the Corporation.
- (3) None of the funds referred to in sub-section
- (1) shall be utilised for any purpose other than that for which it was constituted, without the previous approval of the State Government.
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