Amendment status not verified — confirm the current text below against the official source.
(1) Surplus moneys at the credit of the said account may from time to time be -- (a) deposited at interest in the bank aforesaid; or (b) invested in such securities or debentures as may be approved by the Government. (2) All such deposits and investments shall be made by the Chairman on behalf of, and with the sanction of, the Board; and, with the like sanction, the Chairman may at any time withdraw any deposit to made, or dispose of any securities, and re-deposit or re-invest the money so withdrawn or the proceeds of the disposal of such securities.