Capital of Corporation

(1) The capital of the Corporation shall be such sum not exceeding ten crores of rupees as the State Government may fix: Provided that where the capital initially fixed is less than ten crores of rupees the State Government may, from time to time, increase the capital to such sum not exceeding ten 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.