(1)Save as otherwise provided in this Act-

1. (a) all funds which immediately before the declaration and

constitution of the Corporation under sections 3 and 4 of

this Act vestedinthe Municipal area of the Faridabad Complex

1. (b) all money received by or on behalf of the Corporation under

the provision of this Act or of any law for the time being in

force or under any contract;

1. (c) all proceeds of the disposal of property by, or on behalf of the Corporation;
2. (d) all rents accruing from any property of the Corporation;
3. (e) all moneys raised by any tax, rate or cess levied for the purpose of this Act; (f)all fees co llected and all fines levied under this Act or under

any rule, regulation or bye-law made thereunder;

1. (g) all moneys received by or on behalf of the Corporation from the Government or any individual or association of

individuals by way of grant or gift or deposit;

1. (h) all interest and profits arising from any investment of, or from any transactions in connection with, any money

Constituion of

Services to Poor Fund.

Corporation Fund

to be kept in treasury or in a nationalised bank.

Operation of

account with banks.

Payment not to

be made unless covered by a Budget grant.

1. (3) The ownership of all properties, movable or immovable and assets

belonging to the Faridabad Complex Administration shall vest in the Corporation.

1. (4) All liabilities of Faridabad Complex Administration shall be the

liabilities of the Corporation.

1. (5) All actions taken, rights acquired or liabilities incurred by the

(i)all moneys raised by any rent, tax, fine, rate or cess on any person

or any property situated in slum area;

1. (ii) a grant received from the Central/State or any other agency for

1. (iv) all moneys received by or on behalf of Corporation or any source

specifically meant for this fund; and

1. (v) any fund that may be transferred by the Commissioner from the