Vidhi Codex

section 29

Fund of the Corporation.

The Damodar Valley Corporation Act, 1948
General194860 sections
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Part IV FINANCE, ACCOUNTS AND AUDIT

Statutory text
  1. (1) The Corporation shall have its own fund and all receipts of the Corporation shall be carried thereto and all payments by the Corporation shall be made therefrom.
  2. (2) Except as otherwise directed by the Central Government, all moneys belonging to that fund shall be deposited in the Reserve Bank of India or the Agents of the Reserve Bank of India or invested in such securities as may be approved by the Central Government.

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