Amendment status not verified — confirm the current text below against the official source.
Deposit of portion of Municipal Fund outside the City.- Notwithstanding anything contained in section 90 or 91, the Commissioner, with the previous approval of the Mayor –in-Council may, from time to time remit any portion of the Municipal Fund to a Bank or other agency approved by the Government and carrying on business at any Madhya Pradesh Municipal Corporation Act, 1956 48 | P a g e place beyond the City at which it may be desirable for the Corporation to have funds in deposit, and any money payable to the credit of or chargeable against the Municipal Fund which may, in the opinion of the Commissioner, be most conveniently paid into or out of the account of the Corporation at any such Bank or agency may be so paid.