Budget of the Institute

Health202540 sections

Statutory text

(1) The Institute shall prepare in such form and at such time every year a budget in respect of the financial year next ensuing showing the estimated receipts and expenditure of the Institute and shall forward to the Government such number of copies thereof as may be prescribed.
(2) It shall not be lawful for the Institute to incur any expenditure either not sanctioned in the Budget or in the case of funds granted to the Institute subsequent to the sanction of budget by the Government or Government of India or any international organization or foundation or any other agency save in accordance with the terms of such grant: Provided that in the case of sudden or unforeseen circumstances, non-recurring expenditure up to the prescribed limit may be incurred by the Director, whether sanctioned in the budget or not and he shall present this in the next Finance Committee meeting with all details in respect of all such expenditure.

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