Chapter IV — FINANCE, ACCOUNTS AND AUDIT

Section 28Deposit account

Section 28: Deposit account

28. Deposit account

All moneys belonging to a Warehousing Corporation shall be deposited in the Reserve Bank or the State Bank [or any nationalised bank] or, subject to any rules made under this Act, in [any other scheduled bank] or co-operative bank.

Amendment notes (2)
  1. Ins w.e.f. 24-3-1976 . Ins. by Act 42 of 1976, s. 8 (w.e.f. 24-3-1976).
  2. Subs . Subs. by s. 8, ibid., for "any scheduled bank" (w.e.f. 24-3- 1976).