Amendment status not verified — confirm the current text below against the official source.
(1) The Government shall, by notification in the Gazette, constitute a fund called the Guarantee Redemption Fund. (2) The Guarantee commission charged under section 5 shall form the corpus of the Guarantee Redemption Fund and it shall be remitted in the Public Accounts of the State. (3) The administration of Guarantee Redemption Fund shall be in such manner as may be prescribed.