The Meghalaya Infrastructure Development Finance Board Act, 2011 (Act No. 11 of 2011)
Section 28. Banking and Withdrawal
All sums received for the purposes of the Fund shall be paid into an account or accounts with such banks as are agreed with the State Government and no amount shall be withdrawn there from except under the authority of the Board and by means of:
(a) cheques signed by such persons as are authorized in that behalf by the Board; or
(b) transfer of money electronically certified by such persons authorised in that behalf by the Board .
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