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Section 13: Funds of the Corporation

The Kerala Industrial Infrastructure Development Act, 1993State Act of Kerala · Act 3 of 1993

(1) The Corporation shall have and maintain its own funds, to which shall be credited—

(a) all moneys received by the Corporation from the Government by way of grant, subventions, loans, advances or otherwise;

(b) all fees, costs and charges received by the Corporation under this Act;

(c) all moneys received by the Corporation from the disposal of lands, buildings and other properties, movable or immovable and from other transactions;

(d) all moneys received by the Corporation by way of rents and profits or in any other manner or from any other source.

(2) The Corporation may keep in Government treasuries or with the State Bank of India or any other bank approved by the Government in this behalf such sum of money out of its fund as may be prescribed and any money in excess of the said sum shall be invested in such manner as may be approved by the Government.

(3) Such account shall be operated upon by such officers of the Corporation as may be specified in the regulations.

Where this provision sits

ActThe Kerala Industrial Infrastructure Development Act, 1993
Section13
Marginal noteFunds of the Corporation
JurisdictionState of Kerala
StatusIn force as published by the source

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