Bare ActsThe Meghalaya Infrastructure Development Finance Board Act, 2011 (Act No. 11 of 2011)

Section 28

Banking and Withdrawal

Amendment status not verified — confirm the current text below against the official source.

All sums received for the purposes of the Fund shall be paid into an account or accounts with such banks as are agreed with the State Government and no amount shall be withdrawn there from except under the authority of the Board and by means of: (a) cheques signed by such persons as are authorized in that behalf by the Board; or (b) transfer of money electronically certified by such persons authorised in that behalf by the Board .

Section 28 – The Meghalaya Infrastructure Development Finance Board Act, 2011 (Act No. 11 of 2011) | DailyLaw.ai