Amendment status not verified — confirm the current text below against the official source.
(I) A sinking hnd c~ablished Sar the liquidation of any loan shall bo $$TF;:~'.oi subject to :~nnunl examination by such person as may bt; appointed by the Govern- ment in t Gis beh~lf 2nd the p=rson so a ~ i n t e d shall ascertain whether the cash and id: bn;re,17 m,;:ie~ \ si~iz of ii;e e4urkies 31 tht: crdit . . . 0:' the fund are c t c t d y eqtlal . L\ i:~, :.!I,. .:,I: i~'.i.:h i~ .,;:'.d ',I.;\,: :\::.I L L L X U ~ I I ~ . ~ L ~ Q 1, L i ? y ~ > i ~ > t k i 1 r e k d ~ l > . . , . 2 . , $ 1 i . i d ,b. ~3raixsd rDzreoi.n. :,I .d: :, ,.:, .?.: ?.it, L\f ,,*:.**.. 32 TAMIL NADU GOVERNMENT G,jZETTE E~IRt"\ORDINARY - I.---- / - - - ---- (3) If the cash and cunent market value of the securities at the credit of ii sinking fund are in excess of the amount which should be a? its credit, the person appointed under sub-seaion (1) shall certify the : m~unt of the excess :.lid ibt. Board may, with the previous sanction of the Goveri~n en;, rcducc: 'r d:sco~:'tlnuc the I d i ' yesrly coiltribu?ions to the sinking fund requir4;d under secrion 67. I'ower 01 Board to raise loans on short ccrms bills. Powers of Board to rake temporary loans or overdrafts. Vower of Board to borrow money from International Bank for Reconstructien and Developmtn ! ar otbq Fore~gn lnstttutmns.