Rule 50 Rules under section 120
- Chapter
- IX · Finance and Accounts
- Text as on
- As notified 08 May 2026
50. Rules under section 120.--
The conditions to acquire, hold, sell or otherwise transfer any movable or immovable property under sub-section (1), conditions to invest moneys, re-invest or realise investments under sub-section (2), terms to raise loans and take measures for discharging such loans under sub-section (3) and terms to constitute for the benefit of officers and staff or any class of them, provident or other benefit fund under sub-section (4), of section 120 shall be--
(a) in case of the Provident Fund, Pension Fund or Insurance Fund, as specified respectively in the Provident Fund Scheme, Pension Fund Scheme and Insurance Fund Scheme; and
(b) in case of the Corporation, as specified in Chapter IV and under this Chapter.