10Fund for Science and Engineering Research

(1) There shall be constituted a Fund to be called the Fund for Science and Engineering Research and there shall be credited to the Fund-- (a) any grants and loans made to the Board by the Central Government under section 9; (b) all sums received by the Board including donations from any other source; (c) recoveries made of the amounts granted from the Fund; and (d) any income from investment of the amount of the Fund. (2) The Fund shall be applied for meeting-- (a) expenses on the object and for the purposes authorised by this Act; (b) salaries, allowances and other expenses of the members, officers and other employees of the Board; (c) remunerations of the consultants and visiting scientists; and (d) expenses of the Board in the discharge of its functions under this Act.