Creation of subsidiaries.

21-A. The Board may, in furtherance of the objectives of the Act, and for undertaking the activities specified in section 21-B, with the prior approval of the Government, create a subsidiary in the form of,- (i) an institution to be incorporated and organised under the provisions of the Companies Act,1956; (ii) a society under the provisions of the Telangana Co-operative Societies Act,1964; or the Telangana Mutually Aided Co-operative Societies Act,1995; (iii) a firm under the provisions of the Indian Partnership Act,1932.