Section 35. Prior approval of Central Government necessary in certain cases

35. Prior approval of Central Government necessary in certain cases.—Neither Corporation shall, without the previous approval of the Central Government— (a) undertake any capital expenditure for the purchase or acquisition of any immovable property or aircraft or any other thing at a cost exceeding rupees fifteen lakhs; (b) enter into a lease of any immovable property for a period exceeding five years; or (c) in any manner dispose of any property, right or privilege having an original or book value exceeding rupees ten lakhs.