Section 29: Fund of the Corporation.

The Damodar Valley Corporation Act, 1948Central Act · Act 14 of 1948

(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) 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.

Where this provision sits

Act	The Damodar Valley Corporation Act, 1948
Section	29
Marginal note	Fund of the Corporation.
Jurisdiction	Central
Status	In force as published by the source

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