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Section 38: Reserve and other funds.

The Maharashtra Tapi Irrigation Development Corporation Act, 1997State Act of Maharashtra · Act 4 of 1998

(1) The Corporation shall make provisions for such 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 therein, shall, subject to the directions, if any, issued by the State Government in this behalf, be determined by the Corporation.

(3) None of the funds referred to in sub-section (1) shall, except with the previous approval of the State Government, be utilised for any purposes other than that for which it is constituted.

Where this provision sits

ActThe Maharashtra Tapi Irrigation Development Corporation Act, 1997
Section38
Marginal noteReserve and other funds.
JurisdictionState of Maharashtra
StatusIn force as published by the source

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