Amendment status not verified — confirm the current text below against the official source.
Deposit of portion of the municipal fund may be made with bank or agency out of 12[Mumbai] when convenient.— Notwithstanding anything contained in the last two preceding sections, the Commissioner may, with the 13[previous] approval of 14[Standing Committee] from time to time, remit any portion of the municipal fund to a bank or other agency at any 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 the municipal fund or chargeable there against, which can, in the opinion of the Commissioner 1 These words were substituted for the original by Bom. I of 1894, s. 4(2). 2 This portion was substituted for the words “the Bank of Bombay” by Mah. 21 of 1989, s. 18(a). 3 These words were substituted for the words “Greater Bombay” by Mah. 25 of 1996, Schedule. 4 The proviso was deleted by Mah. 21 of 1989, s. 18(b). 5 Section 113 was substituted by Mah. 39 of 1961, s. 9. 6 Clauses (a) and (b) were substituted for the original by Mah. 21 of 1989, s. 19(a). 7 These words were inserted by Mah. 12 of 1993, s. 3(a). 8 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 46. 9 These words were substituted for the words “ten thousand rupees” by Mah. 12 of 1993, s. 3(b). 10 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 46. 11 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 46. 12 These words were substituted for the word “Bombay” by Mah. 25 of 1996, Schedule. 13 The word “previous” was inserted by Bom. 19 of 1930, s. 9. 14 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 46. 166 The Mumbai Municipal Corporation Act [1888 : III be most conveniently paid into or out of the account of the Corporation at any such bank or agency, may be so paid.