Budget

(1) The Board shall prepare, in such form and at such time in each financial year as may be prescribed, its budget for the next financial year showing the estimated receipts and expenditure of the Board and forward the same to the Administrator. (2) The Administrator may sanction the Budget with or without modifications as he deems fit. (3) The Board shall not be competent to transfer any amount sanctioned for one scheme to another scheme,— (a) where the amounts in respect of such scheme are allotted by the Commission without the previous approval of the Commission; (b) in any other case, without the previous approval of the Administrator.