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Section 33 – The State Financial Corporation Act,1951

<h2The State Financial Corporation Act,1951

Section 33. Funds of the Financial Corporation

(1) Every Financial Corporation shall have its own fund, and all receipts of the Financial Corporation shall be carried thereto and all payments by the Corporation shall be made therefrom.

(2) All moneys belonging to the found shall be deposited in the Reserve Bank or with any agency of the Reserve Bank other than a Government treasury or in a scheduled bank in consultation with the Reserve Bank.

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The State Financial Corporation Act,1951

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