State Act
5
Section 5. Capital of Corporation.
The Punjab Backward Classes Land Development Act, 1976
Act no. 27 of 19761976In forcePunjab (State Act)
5. (1) The capital of the Corporation shall be such sum not exceeding 2[ten crores] of rupees as the State Government may fix: Provided that where the capital initially fixed is less than 9[ten crores] of rupees the State Government may, from time to time, increase the capital to such sum not exceeding 9[ten 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.