Amendment status not verified — confirm the current text below against the official source.
(1) It shall be the general principle of the Corporation that in carrying on its undertakings, it shall act on business principles. (2) The State Government may, from time to time, issue, in writing, to the Corporation such general or special directions in matters of policy as it may think necessary or expedient for the purpose of carrying out the purposes of this Act, and the Corporation shall be bound to follow and act upon such directions. (5) Capital of the Corporation.