section 24
Reserve and other funds
The Orissa Industrial Infrastructure Development Corporation Act, 1980Infrastructure197263 sections2 chapters
Chapter III FUNCTIONS AND POWERS OF THE CORPORATION
Statutory text
- (1) The Corporation shall make provision for such reserve and other specially denominated funds as the State Government may from time to time, direct.
- (2) The management of the funds referred to in sub-section (1), the sums to be transferred from time to time to the credit thereof and the application of money comprised therein shall be determined by the Corporation.
- (3) None of the funds referred to in sub-section
- (1) shall be utilised for any purpose other than that for which it was constituted without the previous approval of the State Government.
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