State Act
Section 5. Capital of Corporation.
The Himachal Pradesh Scheduled Castes and Schedule Tribes Corporation Act,1979
5. Capital of Corporation.- (1) Authorised capital of the Corporation shall be such sum not exceeding 5[sixty crores] of rupees as the State Government may fix: Provided that where the capital initially fixed is less than 6[sixty crores] of rupees the State Government may, from time to time, increase the capital to such sum not exceeding 1[sixty crores] of rupees as it may think fit. (2) Such capital may be provided subject to such terms and conditions as may be determined by the State Government. Explanation.- The expression ‘authorised capital’ for the purpose of this section shall not include the grant-in-aid received by the Corporation for the managerial assistance.