law: Employees’ State Insurance Act, 1948
  29. Holding of property, etc.
  (1) The Corporation may, subject to such conditions as may be
  
  prescribed by the Central Government, acquire and hold property both movable
  
  and immovable, sell or otherwise transfer any movable or immovable property which
  
  may have become vested in or have been acquired by it and do all things
  
  necessary for the purposes for which the Corporation is established.
  (2) Subject to such conditions as may be prescribed by the
  
  Central Government, the Corporation may from time to time, invest any moneys
  
  which are not immediately required for expenses properly defrayable under this
  
  Act and may, subject as aforesaid, from time to time re-invest or realize such
  
  investments.
  (3) The Corporation may, with the previous sanction of the
  
  Central Government and on such terms as may be prescribed by it, raise loans
  
  and take measures for discharging such loans.
  (4) The Corporation may constitute for the benefit of its staff
  
  or any class of them, such provident or other benefit fund as it may think fit.