Damodar Valley Corporation Act : Fund of the Corporation. Indian Bare Acts :

Damodar Valley Corporation Act,1948

Act No : 14

Section : Fund of the Corporation.

29. Fund of the Corporation. (1) The Corporation shall have its own fund and all receipts of the Corporation shall be carried thereto and all payments by the Corporation shall be made therefrom. (2) Except as otherwise directed by the Central Government, all moneys belonging to that fund shall be deposited in the Reserve Bank of India or the Agents of the Reserve Bank of India or invested in such securities as may be approved by the Central Government.