Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
(1) Every Board shall pay from its 1[Waqf] Fund annually to the Council such contribution as is equivalent to one per cent. of the aggregate of the net annual income of the 2[auqaf] in respect of which contribution is payable under sub-section (1) of section 72: Provided that where the Board, in the case of any particular 1[waqf] has remitted under sub-section (2) of section 72 the whole of the contribution payable to it under sub-section (1) of that section, then for calculating the contribution payable to the Council under this section the net annual income of the 1[waqf] in respect of which such remission has been granted shall not be taken into account. (2) All monies received by the Council under sub-section (1) and all other monies received by it as donations, benefactions and grants shall form a fund to be called the Central 1[Waqf] Fund. (3) Subject to any rules that may be made by the Central Government in this behalf, the Central 1[Waqf] Fund shall be under the control of the Council and may be applied for such purposes as the Council may deem fit.
<span style="margin-left:15px;"></span>(1) Every Board shall pay from its <sup>1</sup>[Waqf] Fund annually to the Council such contribution as is equivalent to one per cent. of the aggregate of the net annual income of the <sup>2</sup>[auqaf] in respect of which contribution is payable under sub-section <i>(1)</i> of section 72:<br> <span style="margin-left:15px;"></span> Provided that where the Board, in the case of any particular <sup>1</sup>[waqf] has remitted under sub-section <i>(2)</i> of section 72 the whole of the contribution payable to it under sub-section <i>(1)</i> of that section, then for calculating the contribution payable to the Council under this section the net annual income of the <sup>1</sup>[waqf] in respect of which such remission has been granted shall not be taken into account.<br> <span style="margin-left:15px;"></span> (2) All monies received by the Council under sub-section <i>(1)</i> and all other monies received by it as donations, benefactions and grants shall form a fund to be called the Central <sup>1</sup>[Waqf] Fund.<br> <span style="margin-left:15px;"></span> (3) Subject to any rules that may be made by the Central Government in this behalf, the Central <sup>1</sup>[Waqf] Fund shall be under the control of the Council and may be applied for such purposes as the Council may deem fit.<br><br>