Chapter VII FINANCE

Health202343 sections9 chapters

Chapter VII FINANCE

29. Fund of the Council

Statutory text

(1) All fees received, all income such as rent and profits derived from properties and funds vested in the Council, all grants and loans received if any from the Government, all endowments and donations received from any source whatsoever, all other miscellaneous receipts of the Council and all remittances received in connection with the affairs of the Council, shall form the fund of the Council, which shall be utilized for the purposes, laid down in this Act and in the rules, regulations and orders made there under.
(2) The Fund of the Council shall be deposited in a Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (Central Act No.2 of 1934) or in the Government Treasury as may be decided by the Council.
(3) The custody of the Fund, the payment of moneys therein, the withdrawal of moneys there from and all other Ancillary matters shall be regulated by such rules as may be prescribed in that behalf.

Chapter VII FINANCE

Statutory text

(1) The annual report and accounts of the Council shall be approved by it and shall be got audited before the end of September of the next year: Provided that the accounts of receipts and expenses of the fee levied and collected shall be duly certified by the Council in the annual report.
(2) The Audit may be done by any Chartered Auditor appointed by the Council from a panel approved by Government and the Council shall bear the cost of the audit.
(3) The accounts of the Council as certified by the auditor together with the audit report thereon shall be forwarded annually to the Government.
(4) The Government shall cause the accounts of Council together with the audit report thereon forwarded to them under sub-section (3) to be laid annually before the Legislature of the State.

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