section 46
Constitution of fund.
The Indian Antarctic Act, 2022General202258 sections10 chapters
Chapter X MISCELLANEOUS
Statutory text
- (1) There shall be constituted a fund to be called the Antarctic Fund and there shall be credited thereto,—
- (a) all fees received for grant of permit and charges collected for Antarctic related activities under this Act;
- (b) any grant or loans that may be made by the Central Government for the purposes of this Act; and
- (c) any grant or loans that may be made by any institution for the purposes of this Act.
- (2) The fund shall be applied towards the welfare of Antarctic research work and protection of Antarctic environment.
- (3) The Committee shall maintain and administer the fund in such manner as may be prescribed.
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