State Act
22
Section 22. Reserve and other funds.
Industrial Development Corporation Act, 1965
Act no. 22 of 19651965In forceGoa (State Act)
22. Reserve and other funds.— (1) The Corporation shall make provision for 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 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.