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Section 7: Funds maintenance and raising

The Meghalaya Commercial Crops Development Board Act No.6, 1997State Act of Meghalaya · Act 6 of 1997

(1) The Board shall maintain its own funds into which all money it receives shall be credited into and all necessary payments made therefrom.

(2) The money I the fund shall be deposited in the State Bank of India, the Meghalaya Co-operative Apex Bank Ltd. Or any nationalized bank "as may be approved by the State Government. "

(3) The Board may accept grants, subventions and loans from the Central or State Government and other Institutions and, with previous approval of the State Government, borrow money from banks and from financial and other institutions.

Where this provision sits

ActThe Meghalaya Commercial Crops Development Board Act No.6, 1997
Section7
Marginal noteFunds maintenance and raising
JurisdictionState of Meghalaya
StatusIn force as published by the source

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