State Agricultural Credit Corporation Act : Limits on borrowings and deposits. Indian Bare Acts :

State Agricultural Credit Corporation Act,1968

Act No : 60

Section : Limits on borrowings and deposits.

22. Limits on borrowings and deposits. The aggregate of the amounts borrowed and deposits accepted by the Corporation and outstanding shall not at any time exceed ten times the amount of the paid-up share capital and the reserve fund of the Corporation or, with the prior approval of the Central Government, fifteen times the amount of such paid-up share capital and reserve fund.