Capital of Corporation

The authorised capital of the Corporation shall be such sum not exceeding 2[five crores] of rupees as the Government may initially fix: Provided that where the capital initially fixed is less than 3[five crores] of rupees, the Government may, from time to time, increase the capital to such sum not exceeding 4[five crores] of rupees as it may think fit. Explanation.- The expression "authorised capital" for the purpose of this section shall not include the grant-in-aid received by the Corporation for specific purposes. CHAPTER-III MANAGEMENT OF THE CORPORATION

2[five crores] of rupees as the Government may initially fix: Provided that where the capital initially fixed is less than

3[five crores] of rupees, the Government may, from time to time, increase the capital to such sum not exceeding

4[five crores] of rupees as it may think fit. Explanation.- The expression "authorised capital" for the purpose of this section shall not include the grant-in-aid received by the Corporation for specific purposes. CHAPTER-III MANAGEMENT OF THE CORPORATION