(1) Every Primary School Council shall in each year prepare in Budget.
the prescribed form a budget estimate of income and expenditure of the Primary School Council for the ensuing financial year, and shall submit the budget estimate to the State Government through the Director on or before the thirtieth day of November.
(2) The State Government may either approve of the budget estimate as it stands, or approve of it after making such alterations, if any, as it may think fit or may casue it to be returned to the Primary School Council for such modifications as the State Government may think necessary, and when such modifications have been made, the budget estimate shall be re-submitted for approval to the State Government.
(3) If the State Government does not accord its approval to the budget estimate within three months of the receipt thereof for such approval or within three months of the re-submission thereof with or without modification the said estimate shall be deemed to have been approved by the State Government.