Amendment status not verified — confirm the current text below against the official source.
General Fund (1) To the General Fund shall be credited - (a) all sums received by the Central Warehousing Corporation other than those referred to in sub-section (1) of section 16; and (b) such grants and loans as the Central Government may make for the purposes of the General Fund. (2) The General Fund shall be applied - (a) for meeting the salary, allowances and other remuneration of the officers and other employees of the Central Warehousing Corporation; (b) for meeting the other administrative expenses of the Corporation; and (c) for carrying out the purposes of this Act. [Provided that the General Fund shall not be applied for meeting the expenses referred to in clause (c) or clause (b) of sub-section (2) of section 16] (a) Inserted by the Warehousing Corporations (Amendment) Act, 1976 (42 of 1976), S.5 (24-3- 1976). CHAPTER III STATE WAREHOUSING CORPORATIONS