Lawgist20Budget
(1) The Commission shall, by such date in each year as may be prescribed, prepare and submit to the Central Government for approval 1[three separate budgets] in the prescribed form for the next financial year, to be called the khadi budget 2[, the village industries budget and the general and miscellaneous budget], showing the estimated receipts and expenditure in respect to khadi 3[, village industries and products of handicrafts and khadi and village industries respectively] during that financial year.
(2) Subject to the provisions of sub-sections (3) and (4), no sum shall be expended by or on behalf of the Commission unless the expenditure is covered by a specific provision in the budget approved by the Central Government.
4[(3) The Commission may within the respective limits of the khadi budget, the village industries budget and the general and miscellaneous budget, sanction any reappropriation from one head of expenditure to another or from a provision made for one scheme to that in respect of another, but subject to the proviso to sub-section (1) of section 18, in no case shall a reappropriation of fund be made from one budget to any of the other two budgets:
Provided that no reappropriation from the head "Loan" to any other head of expenditure and vice versa in any of the budgets shall be sanctioned by the Commission, except with the previous approval of the Central Government.].
(4) The Commission may, within such limits and subject to such conditions as may be prescribed, incur expenditure in excess of the limit provided in the budget approved by the Central Government under any head of expenditure or in connection with any particular scheme, so long as the aggregate amount in 5[the budget] approved by the Central Government is not exceeded.
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1. Subs. by Act 12 of 1987, s. 13, for "two separate budgets (w.e.f. 1-4-1988).
2. Subs. by s. 13, ibid., for "and the village industries budget" (w.e.f. 1-4-1988).
3. Subs. by s. 13, ibid., for and "village industries respectively" (w.e.f. 1-4-1988).
4. Subs. by s. 13, ibid., for sub-section (3) (w.e.f. 1-4-1988).
5. Subs. by s. 13, ibid., for "either budget" (w.e.f. 1-4-1988).
- 1 Short title and extent
- 2 Definitions
- 3 Power to add to the Schedule
- 4 Establishment and constitution of the Commission
- 5 Powers and functions of the Chief Executive Officer
- 5A Powers and functions of the Financial Adviser
- 6 Disqualifications for membership of the Commission
- 6A Removal of Chairman, Member, etc., from the Commission
- 7 Resignation of office by member
- 8 Vacancies, etc., not to invalidate acts and proceedings of the Commission
- 9 Temporary association of persons with the Commission for particular purposes
- 10 Constitution of the Board
- 11 Commission to consult the Board
- 12 Meetings of the Commission
- 12A Zonal Committee
- 13 Term of office and conditions of service of the chairman and other members
- 14 Officers and servants of the Commission
- 15 Functions of the Commission
- 16 Power of Central Government to give directions
- 17 Payment to the Commission
- 17A Commission to receive gifts, grants, etc
- 18 Funds of the Commission
- 19 Power of the Commission to spend
- 19A Standing Finance Committees
- 19B Recovery of monies due to the Commission as arrears of land-revenue
- 20 Budget
- 21 Borrowing of money
- 22 Transfer of liabilities and obligations to the Commission
- 23 Accounts and audit
- 24 Returns and reports
- 24A Exemption from liability to pay income-tax
- 25 Dissolution of the Commission
- 26 Power to make rules
- 27 Power to make regulations
- 28 Rules and Regulations to be laid before Parliament
