Lawgist18Fund of Council
(1) The Council shall maintain a Fund to which shall be credited to--
(a) all moneys received from the Central Government;
(b) all moneys received by the Council by way of grants, gifts, donations, benefactions, bequests or transfers; and
(c) all moneys received by the Council in any other manner or from any other source.
(2) All moneys credited to the Fund shall be deposited in such banks or invested in such manner as the Council may, subject to the approval of the Central Government, decide.
(3) The Fund shall be applied towards meeting the administrative and other expenses of the Council, including expenses incurred in the exercise of its powers and discharge of its functions under section 16 or in relation to any of the activities referred to therein or for anything relatable thereto.
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- 1 Short title and commencement
- 2 Declaration of the Indian Council of World Affairs as institution of national importance
- 3 Definitions
- 4 Incorporation of the Council
- 5 Transfer of assets and liabilities of the existing Council to the Council
- 6 Obligation to transfer property or assets
- 7 Composition of the Council
- 8 Term of office and vacancies among members
- 9 Powers and functions of President
- 10 Powers and functions of Vice-Presidents
- 11 Allowances of members
- 12 Meetings of Council
- 13 Objects of Council
- 14 Governing Body and other committees of Council
- 15 Staff of Council
- 16 Functions of Council
- 17 Payment to Council
- 18 Fund of Council
- 19 Budget of Council
- 20 Accounts and audit
- 21 Annual report
- 22 Authentication of orders and instruments of Council
- 23 Vacancy, etc., not to invalidate proceedings of the Council
- 23A Transitory provision
- 24 Reports, returns and information
- 25 Power to make rules
- 26 Power to make regulations
- 27 Rules and regulations to be laid before Parliament
- 28 Power to remove difficulties
- 28A Power to remove difficulties
- 29 Repeal and saving
