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Section 17

The Indian Council of World Affairs Ordinance, 1990Ordinance · 1990

(1) The Council shall maint^n a Fund to which shall be credited—

(a) all moneys received from the Central Government;

&EC. 1] TtiE GAZETTE OF INDIA EXTRAORDINARY 7

(b) all moneys received by the Council by way of grants, gifts, donations, benefactions, bequests or transfers; and

(c) all moneys received by the Council in any other manner or from any other source.

(2) All moneys credited to the Fund shall be deposited in such banks or invested in such manner as the Council may, subject to the approval of the Central Government, decide.

{3) The Fund shall be applied towards meeting the administrative and other expenses of the Council, including expenses incurred in the exercise of its powers and discharge of its functions under section 15 or in relation to any of the activities referred to therein or for anything relatable thereto.

18. The Council shall prepare, in such form and at such time every year, as may be prescribed by rules, a budget in respect of the financial year next ensuing, showing the estimated receipts and expenditure of the Council and shall forward to the Central Government such number of copies thereof as may be prescribed by rules.

Where this provision sits

ActThe Indian Council of World Affairs Ordinance, 1990
Section17
StatusIn force as published by the source

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