Deposit of portion of

5[Brihan Mumbai Electric Supply and Transport Fund] may be made with bank or agency out of

6[Brihan Mumbai] when convenient.— Notwithstanding

anything contained in sections 460AA and 460BB, the General Manager may, with the previous approval of the

7[Brihan Mumbai Electric Supply and Transport Committee] from time to time, remit to and deposit with a bank or other agency at any place beyond the city any portion of the

8[Brihan Mumbai Electric Supply and Transport Fund] and any money payable to the credit of the

9[Brihan Mumbai