(1) The Corporation may issue and sell bonds and debentures carrying interest for the purpose of raising its working capital: [**5*]

(2) Bonds and debentures of the Corporation shall be guaranteed by the Central Government as to the repayment of principal and the payment of interest at such rate as may be fixed by the Central Government on the recommendation of the Board at the time the bonds and debentures are issued.

5. Omited for "Provided that the total amount of bonds and debentures issued and outstanding and of the contingent liabilities of the Corporation in the form of guarantees given by it or underwriting agreements. entered into by it .shall not at any time exceed fivc times the amount of the paid up share capital and the reserve fund of the Corporation.", vide THE INDUSTRIAL FINANCE CORPORATION (AMENDMENT ACT, 1982) (2 Of 1982), Dt. 8th March, 1982 Published in It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. [Gaz, of India Ex. Pt. II Sec.1 9-3-1982 p.7