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Section 17: Fund of the Corporation

Uttar Pradesh Forest Corporation Act 1974State Act of Uttar Pradesh · Act 4 of 1975

(1) The Corporation shall have its own fund which shall be a local fund and to which shall be credited all money received by or on behalf of the Corporation.

(2) The fund shall be applied towards meeting expenses incurred by the Corporation in the discharge, of its functions under this Act and for no other C purpose.

(3) The money of the Fund shall be kept in the State Bank of India of in the Uttar Pradesh Cooperative Bank or in any Scheduled Bank.

Provided that nothing in this sub-section shall be deemed to preclude the Corporation from retaining such balance in case as may be necessary for current payment or from investing any portion of the fund not required for immediate expenditure in any of the securities described in section 20 of the India Trust Act. 1882.

Where this provision sits

ActUttar Pradesh Forest Corporation Act 1974
Section17
Marginal noteFund of the Corporation
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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