Amendment status not verified — confirm the current text below against the official source.
Neither Corporation shall, without the previous approval of the Central Government-- (a) undertake any capital expenditure for the purchase or acquisition of any immovable property or aircraft or any other thing at a cost exceeding [such amount as the Central Government may, from time to time, by order, fix in the behalf]; (b) enter into a lease of any immovable property for a period exceeding [ten years]; or (c) in any manner dispose of any property, right or privilege having an original or book value exceeding [such amount as the Central Government may, from time to time, by order, fix in this behalf]. Subs. by Act 24 of 1982, sec. 2 (w.e.f. 21/05/1982). Subs. by Act 49 of 1971, sec. 8 (w.e.f. 01/02/1972).