Amendment status not verified — confirm the current text below against the official source.
Establishment of a sinking fund.—(1) The Board may establish a sinking fund for the purpose of repayment of loans borrowed by it. (2) The amounts to be paid into the sinking fund and the mode of payment shall be as 27 [Act 10 of 1963] may be prescribed. (3) All moneys paid into the sinking fund shall be invested in Government securities or fixed deposits with Scheduled Bank]1.