Amendment status not verified — confirm the current text below against the official source.
(1) The State Bhoodan Board shall have its own fund and may accept grants, donations or gifts from the Central and the State Government or any local authority or any individual or body of persons whether incorporated or not, for all or any of the purposes of this Act. (2) The moneys remitted in the Fund shall be received by the Chairman of the Bhoodan Board or by the Secretary of the Bhoodan Board if he is authorised by the Chairman in this behalf and all such money shall be deposited by the recipient in : - (i) the Assam Co-operative Apex Bank Limited, or 8 (ii) a post office Savings Bank. (3) All such deposits shall be made in the name of the Bhoodan Board. The Chairman of the Bhoodan Board or the Secretary appointed by the Chairman in this behalf, shall have the power to withdraw such deposits or any part thereof and operate on the Bank accounts. (4) No money shall be withdrawn from the Bank unless it is required for immediate payment for the purposes of the Bhoodan Board. Audit of the Board's accounts.