Section 29
Fund of the Corporation.
The Damodar Valley Corporation Act, 1948
About this Act
An Act to provide for the establishment and regulation of a Corporation for the development of the Damodar Valley in the Provinces of Bihar and West Bengal.
(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.
(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.