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Section 5: Capital of the Corporation

The Himachal Pradesh Antyodaya Corporation Act, 1979State Act of Himachal Pradesh · Act 17 of 1979

(1) The capital of the Corporation shall be such sum, not exceeding five crores of rupees, as the State Government may fix:

Provided that where the capital initially fixed is less than five crores of rupees, the State Government may, from time to time, increase the capital to such sum not exceeding five 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 from time to time.

Explanation.-For the purpose of this section the expression "capital" shall not include grants-in-aid, subsidies or gifts received by the Corporation for the specified purpose(s).

CHAPTER III MANAGEMENT OF THE CORPORATION

Where this provision sits

ActThe Himachal Pradesh Antyodaya Corporation Act, 1979
Section5
Marginal noteCapital of the Corporation
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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