4. General powers of the Corporation
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Subject to the provisions of this Act and any other written law, the Corporation shall have the power to do, perform and exccute all such acts, matters and things whatsoever as are necessary or desirable for the promotion and furtherance of the objects of the Corporation or any one of them, including the power to open, operate and close bank accounts, to borrow or raise money with or without security, to receive or collect grants or donations, to invest its funds and to engage, employ and dismiss officers and servants required for the carrying out of the objects of the Corporation.
The Management of affairs of the Corporation.
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The administration, management and control of the affairs of the Corporation shall, subject to the provisions of this Act and the rules in force for the time being of the
Corporation, be vested in a Committee of Management.
The first Committee of Management of the Corporation shall consist of the members of the Committee of Management of the society holding office of the day immediately preceding the date of commencement of this Act and whose names are set out in the Schedule to this Act.