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Section 22: Reserve and other funds

Industrial Development Corporation Act, 1965State Act of Goa · Act 22 of 1965

(1) The Corporation shall make provision for 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 - 7 - 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.

Where this provision sits

ActIndustrial Development Corporation Act, 1965
Section22
Marginal noteReserve and other funds
JurisdictionState of Goa
StatusIn force as published by the source

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