(1) There shall be a fund of the Council to be known as the Council's Fund to which shall be credited all grants received from the Central Government or from the State Government or from other regulatory authorities from time to time.
(2) The Council's Fund shall also be credited with fees or subscriptions as may be received for the purpose of conducting Common Entrance Examination referred to in the forgoing provisions of this Act.
PART III) THE KOLKATA GAZETTE, EXTRAORDINARY, JUNE 29, 2015 13 The West Bengal State Council of Higher Education Act, 2015.
(Chapter V.—Funds, accounts and Budget of the Council.— Sections 18, 19.—Chapter VI.—Miscellaneous.—Section 20.)
(3) The Council's Fund shall be used in meeting the expenses of the Council including the payment of salaries and allowances of all the officers and employees of the Council including the Vice-Chairman (Academic).
(4) The Council's Fund may also be used for the purpose of granting scholarship or award to destitute and meritorious students subject to the approval of the Executive Committee of the Council.
(5) The State Government shall from time to time release grants to the fund of the Council in terms of its annual budget.
Accounts and audit.
Budget of the Council.