Funds of the Board

(1) (a) The Board shall have a general fund (personal ledger Account) to which funds shall be credited. (b) Separate general fund (Account) shall be maintained for Entrance Examination. (2) The Board shall maintain, as above general funds to which the following funds shall be credited:-- (a) Examination fee which may be charged by the Board; (b) All fees received for Entrance Examination; (c) All sums received from any other source; (d) All contributions made by the Board; (e) All contributions /donations made in this behalf by any other person or body which is not prohibited by any law for the time being in force or grants received from Government of India or any other funding agency. (3) The funds credited to the general fund from time to time shall be utilized for recurring/non-recurring expenditures of the Board. (4) All expenditures relating to Entrance Examination shall be met out