(1) The budget for all the Wakfs under direct management of the Board shall be prepared for the next ensuing financial year by the end of December of the current financial year.
(2) (a) The chief Executive Officer shall prepare the list of all the Wakfs under the direct management of the Board for which budget for the next ensiling financial year is to be prepared under sub-rule (1) by the month of November of the current financial year in Form 27.
(b) Thereupon the Chief Executive Officer shall direct each of the Administrator of the Wakfs under its direct management to furnish the Budget estimates for the next ensuing financial year in Form 28.
(3) The Chief Executive Officer shall get the consolidated Budget prepared under Sub-section (1) of Section 45 in Form 29 with full details of estimates of receipts and expenditure for the next financial year.
(4) The Budget so prepared shall have a statement furnishing details of the increase, if any, in the income of the Wakf during the current year and also the measures taken for its better management and results obtained in Form 30.