# The Ajmer Development Authority Act, 2013, Section 53: Reserve and other Funds

- Act: The Ajmer Development Authority Act, 2013 (Act 39 of 2013)
- Source URL: https://indiacode.ecourtsindia.com/ajmer-development-authority-act-2013/section/53/

## Text

(1) The Authority shall make provisions for a reserve fund and may provide for other specially denominated funds, as it deems fit. (2) The management of the funds referred to in sub-section (1), the sums to be transferred from time to time to the credit thereof, and the application of money comprised therein, shall be determined by the Authority.

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