Complex sentence: As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with previous sanction of the central government and it can acquire both movable and immovable property and all incomes from the property shall vest with the corporations.
Split into simpler sentences: As it is a legal entity, the corporation can raise loan and take measures for discharging such loans with previous sanction of Central Government. And also it can acquire both movable and immovable property and all incomes from the property shall vest with the corporations.