Holding of property, etc.

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.... movable or immovable property: Provided that sanction of the Standing Committee of the Corporation shall be required for the exchange of any immovable property, for the taking of any property on lease for a term exceeding thirty six months, or for the acceptance of any gift or bequest of property burdened with an obligation. (2) Subject to the provisions of sub-rule (3) and such conditions ....

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....e Corporation- (i) by the Director General; or (ii) subject to such conditions as it may specify, by such member or officer of the Corporation as it may authorise: Provided that the sanction of the Standing Committee of the Corporation shall be obtained in respect of any contract involving an expenditure exceeding rupees twenty-five crore. (c) Every contract entered into by....

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.... (ii) to repay a loan raised under this sub-rule; or (iii) for any other purpose approved by the Central Government. (c) All loans under this sub-rule shall be obtained - (i) from the Central Government on such rates of interest and such terms as to the time and method of repayment as the Central Government may specify; or (ii) with the approval of the Central Gover....