Amendment status not verified — confirm the current text below against the official source.
(1) A Warehousing Corporation may, in consultation with the e Reserve Bank and with the previous approval of the aporioy appropriate Government, issue and sell bonds and debentures carrying interest for the purpose of raising funds : Provided that the total amount of bonds and debentures issued and outstanding and other borrowings of the Corporation shall not at any time exceed ten times the amount of the paid-up share capital and the reserve fund of the Corporation, 2) A Warehousing Corporation may, for the purpose of carrying out its functions under this Act, borrow money- (i) from the Reserve Bank, or 23 f0 1955 (i) from the State Bank, for such upon any of the securities against which, it is authorised to advance and lend moneys, under the provisions of the State Bank of India Act, 1955, (3) Subject to the Proviso to sub-section (1 periods for which, and ), the Central money from the Warehousing om the State Board of Directors bonds or debentures are issued. Deposit Account