State Act
17
Section 17. Reserves and other funds.
THE KERALA INDUSTRIAL INFRASTRUCTURE DEVELOPMENT ACT, 1993
Act no. 3 of 19931993In forceKerala (State Act)
17. Reserves and other funds.— (1) The Corporation shall make provision for such reserve and other specially denominated funds in such manner and to such extent as the Government may, from time to time, direct. (2) The management of the funds referred to in sub-section (1), the sums transferred from time to time to the credit thereof and the application of money comprised therein, shall be as determined by the Corporation. (3) The funds referred to in sub-section (1) shall not, without the previous approval of the Government, be utilised for any purpose other than that for which it was constituted.