Board’s Fund, Custody and Investment

(1) The Board shall establish a fund to be called Board’s Fund. (2) The following shall form part of or paid-into, the Board’s Fund:- (a) all contributions, assignments, loans, grants by the Government, the Central Government and University Grants Commission, if any; (b) all income of the Board from any source whatsoever including income from fees, royalties and charges levied by the Board; (c) all income or moneys from the trust, bequests, donations and endowments or other contributions, if any; (d) interest on, and sale proceeds of any securities vested in the Board; (e) any sums borrowed from the banks or other financial institutions, with the permission of the Government; and (f) other moneys received by or on behalf of the Board. (3) The Board’s Fund shall at the discretion of the Executive Council, be kept in any Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (Central Act 2 of 1934) or in such other manner as may be prescribed. (1) Any candidate who has appeared at the Examination may apply to the Secretary for verification that the candidate’s answer, in any particular subject, have all been examined and that there has been no mistake in the totaling of marks in that subject and transferring marks correctly but not for revaluation of answers. Such an application must be made by the candidate through the head of the Secondary School, which presented him for the examination; within four weeks of the declaration of the Examination results must be accompanied by a fee of Rs. 10/- for each subject. (2) No candidate shall claim, or be entitled to re-examination of his answers or disclosure or inspection of the answer-books or other documents treated by the Board as confidential. (3) If as a result of the verification made under this rule it is discovered that there has been either an omission to examine and mark any answer or answers and /or a mistake in the totaling of the marks, the fee for verification shall be refunded to the candidate. If a mistake is discovered it shall be corrected by the Secretary, duly attested and dated, and if as a result of this correction, the candidate’s result as already declared is altered in any way, he shall be informed of this correct result by a telegram. (4) If on scrutiny and verification a failed candidate is found to have passed in the examination, he will be declared to have qualified for the Secondary Certificate. (5) If a candidate having paid the fees prescribed under clause (I) – fails to forward his application for verification within two weeks of the payment of fees- or having made the application within the aforesaid period, omits to give following details in his application: (i) Name, Examination Seat No. and Centre; (ii) Subject in which verification of marks is desired; (iii) Language used for answering the paper in that subject: - no steps shall be taken for verification and in such case only half the amount of the prescribed fee paid by a candidate shall be refunded to him.