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(1) The Corporation shall have its own fund which shall be a local fund and to which shall be credited all money received by or on behalf of the Corporation. (2) The fund shall be applied towards meeting expenses incurred by the Corporation in the discharge, of its functions under this Act and for no other C purpose. (3) The money of the Fund shall be kept in the State Bank of India of in the Uttar Pradesh Cooperative Bank or in any Scheduled Bank. Provided that nothing in this sub-section shall be deemed to preclude the Corporation from retaining such balance in case as may be necessary for current payment or from investing any portion of the fund not required for immediate expenditure in any of the securities described in section 20 of the India Trust Act. 1882.
<span style="margin-left:15px;"></span>(1) The Corporation shall have its own fund which shall be a local fund and to which shall be credited all money received by or on behalf of the Corporation.<br> <span style="margin-left:15px;"></span>(2) The fund shall be applied towards meeting expenses incurred by the Corporation in the discharge, of its functions under this Act and for no other C purpose.<br> <span style="margin-left:15px;"></span> (3) The money of the Fund shall be kept in the State Bank of India of in the Uttar Pradesh Cooperative Bank or in any Scheduled Bank.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>Provided that nothing in this sub-section shall be deemed to preclude the Corporation from retaining such balance in case as may be necessary for current payment or from investing any portion of the fund not required for immediate expenditure in any of the securities described in section 20 of the India Trust Act. 1882. <br>