Custody and investments of funds
49. (1) The Corporation may keep money in any treasury, sub treasury or a bank approved by the Government.
(2) Nothing in sub section (1) shall be deemed to preclude the Corporation from investing any such moneys which are not required for immediate expenditure in any of the securities described in section 20 of the Trusts Act, 1882
or placing them in fixed deposit with a bank approved by the Government.
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Ministry of Law, Justice and Parliamentary Affairs