Amendment status not verified — confirm the current text below against the official source.
( 1 ) The Corporation shall make provision for such reserve and other specially denominated funds as the State Government may, from time to time, direct. ( 2 ) The management of the funds referred to in sub-section ( 1 ), the sums to be transferred from time to time to the credit thereof and the application of money comprised therein, shall be determined by the Corporation. ( 3 ) None of the funds referred to in sub-section ( 1 ) shall be utilised for any purpose other than that for which it was constituted, without the previous approval of the State Government.