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Section 8 – The State Financial Corporation Act,1951

<h2The State Financial Corporation Act,1951

Section 8. Deposits with the Financial Corporation

The Financial Corporation may accept deposits from the public repayable after the expiry of a period which shall not be less than five years from the date of the making of the deposit, and on such other terms as it thinks fit:

Provided that the total amount of such deposits shall not at any time exceed the paid-up capital of the Financial Corporation.

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The State Financial Corporation Act,1951

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