(1) The Corporation shall make such 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 the money comprised therein shall be determined by the Corporation.
(3) None of the funds referred to in sub-section (1) shall be utilised for any purpose other than that for which it was constituted without the previous approval of the State Government.
23. The Corporation shall have the authority to spend such sums as it thinks fit for the purposes authorised under this Act from out of the fund of the Corporation referred to in section 21 or from the reserve and other funds referred to in sub-section (1) of section 23, as the case may be.
Guarantee by State Government in respect of shares.
Borrowing by the Corporation.
Receipts into, and payments from, the general fund of the Corporation.
Dividends on shares.
8 THE KOLKATA GAZETTE, EXTRAORDINARY, SEPTEMBER 13, 2017 [PART III The West Bengal Scheduled Castes, Scheduled Tribes and Other Backward Classes Development and Finance Corporation Act, 2017.
(Sections 24-28.)
Budget.
Accounts and Audit.
Power of State Government to issue instructions.
Furnishing of returns etc.
Supersession of the Corporation.