State Act

The Mumbai Municipal Corporation Act.

460CC. Deposit of portion of 5[Brihan Mumbai Electric Supply and Transport Fund] may be made with bank or agency out of 6[Brihan Mumbai] when convenient.— Notwithstanding anything contained in sections 460AA and 460BB, the General Manager may, with the previous approval of the 7[Brihan Mumbai Electric Supply and Transport Committee] from time to time, remit to and deposit with a bank or other agency at any place beyond the city any portion of the 8[Brihan Mumbai Electric Supply and Transport Fund] and any money payable to the credit of the 9[Brihan Mumbai Electric Supply and Transport Fund] or chargeable there against, which can, in the opinion of the General Manager, be most conveniently paid into or out of the account of the fund at any such bank or agency may be so paid.