Section 20
Fund of the Corporation.
The Faridabad Development Corporation Act, 1956
About this Act
An Act to provide for the establishment and regulation of a trading Corporation for the purpose of carrying on and promoting trade and industry in the town of Faridabad, assisting in the rehabilitation of displaced persons settled therein and for matters connected therewith.
(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) All moneys belonging to the Fund shall be deposited in such bank or invested in such manner as may be decided by the Corporation.
(2) All moneys belonging to the Fund shall be deposited in such bank or invested in such manner as may be decided by the Corporation.