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Section 21: Annual financial statement

The Uttar Pradesh Khadi and Village Industries Board Act, 1960 ( in English)State Act of Uttar Pradesh · Act 10 of 1960

(1) The Board shall in respect of every financial year cause to be prepared a statement of the estimated receipts and expenditure of the Board for that year and cause it to be submitted to the State Government for its approval.

(2) The estimates of expenditure embodied in the annual financial statement shall show separately ;

(a) allowance of the [Vice-Chairman[ and other non-official members ;

b) emoluments and allowances of [ the officers and employees ] of the Board and other expenditure relating to the office of the Board;

(c) debt charges for which the Board is liable including interest, sinking fund charges and redemption charges, and other expenditure relating to the borrowing of loans and the service and redemption of debt ;

(d) any sums required to satisfy any judgement, decree or award of any court or tribunal ;

(e) any sums required for implementation of programmes and schemes of the Board ; and

(f) any other expenditure, as may be prescribed for the purposes of this Act.

Where this provision sits

ActThe Uttar Pradesh Khadi and Village Industries Board Act, 1960 ( in English)
Section21
Marginal noteAnnual financial statement
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, U. P. Act No. XXIV of 1966. Subs. by sec. 13 (i) of U. P. Act No. XXIV of 1966.
  • substituted, U.P. Act No. XXIV of 1966. Subs. by sec. 13 (ii) for the employers of U.P. Act No. XXIV of 1966.

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