Capital of Corporation.

(1) The State Government may provide to the Corporation such sum not exceeding fifty crores of rupees as the State Government may think fit as capital that may be required by the Corporation for the purpose of carrying out its functions or for purposes connected therewith : Provided that where the capital initially provided is less than fifty crores of rupees the State Government may, from time to time, increase the capital to such sum not exceeding fifty crores of rupees as it may think fit. (2) Such capital may be provided subject to such terms and conditions as may be determined by the State Government.