Section Text
(1) The Corporation may, subject to such conditions as may be
prescribed by the Central Government, acquire and hold property, both movable and immovable, sell or
otherwise transfer any movable or immovable property which may have become vested in or have been
acquired by it and do all things necessary for the purposes for which the Corporation is established.
(2) Subject to such conditions as may be prescribed by the Central Government, the Corporation may
from time to time invest any moneys which are not immediately required for expenses properly defrayable
under this Code and may, subject to as aforesaid, from time to time re-invest or realise such investments.
(3) The Corporation may, with the previous sanction of the Central Government and on such terms as
may be prescribed by it, raise loans and take measures for discharging such loans.
(4) The Corporation may constitute for the benefit of its officers and staff or any class of them, such
provident or other benefit fund as it may think fit.