Capital of Corporation

General197940 sections

Statutory text

(1) Authorised capital of the Corporation shall be such sum not exceeding thirty crores of rupees as the State Government may fix: Provided that where the capital initially fixed is less than thirty crores of rupees the State Government may, from time to time, increase the capital to such sum not exceeding thirty 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. Explanation.—The expression 'authorised capital' for the purposes of this section shall not include the grant-in-aid received by the Corporation for the managerial assistance.

Study data processing for this section.

PDF: pending for this language.