Funds of the Council

(1) The Council shall have its own Fund; all sums which may, from time to time, be paid to it by the Government and all the receipts of the Council (including registration fees for inspection of institutions, or any sums received from any authority or person) shall be credited to the Fund and all payments by the Council shall be made therefrom. (2) All moneys belonging to the Fund shall be deposited in such nationalised banks or invested in such manner as may be decided by the Council. (3) The Council may spend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable under this Act.