section 13
Custody, investment and utilization of the Board Fund
The Madhya Pradesh Viyavsayik Pariksha Mandal Adhiniyam, 2007General202326 sections
Statutory text
- (1) All moneys credited to the Board Fund shall be deposited in such Bank as may be determined by the Chairperson: Provided that it shall not be deemed to preclude the Board from investing such moneys as are not required for immediate expenditure in any of the Government Securities.
- (2) The Board Fund may be utilized by the Chairperson to meet out any of the obligation imposed upon the Board under this Act.
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