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Section 18: Fund of the Council.

The Press Council Act, 1978Central Act · Act 37 of 1978

(1) The Council shall have its own fund, and the fees collected by it, all such sums as may, from time to time, be paid to it by the Central Government and all grants and advances made to it by any other authority or person shall be credited to the Fund and all payments by the Council shall be made therefrom.

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

(3) The Council may spend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the Fund of the Council.

Where this provision sits

ActThe Press Council Act, 1978
Section18
Marginal noteFund of the Council.
JurisdictionCentral
StatusIn force as published by the source

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