CORPORATION FUND AND PROPERTY
Custody or investment of Corporation Fund and establishment of special funds
53. (1) The moneys credited to the Corporation Fund shall be kept in a Bank transacting the business of a Government Treasury or in such other manner as may be specified by the Government from time to time.
(2) The Corporation may invest any portion of the Corporation Fund in such manner as may be prescribed.
(3) The Corporation may, and if required by the Government shall, establish and maintain a separate fund for any special purpose, which shall be administered and regulated in such manner as may be prescribed.
Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs