- The General Manager shall require sufficient security for the due performance of every contract into which he enters under section 460M and may, [in his discretion] [These words were substituted for the words 'with the approval of the Member-in-Charge' by Maharashtra 27 of 1999, Section 172, (w.e.f. 23-4-1999).], require security for the due performance of any other contract into which he enters under this Act.

Acquisition and disposal of property