Amendment status not verified — confirm the current text below against the official source.
Funds of the Council — (l) The Council shall have its own Fund; all sums nhich may, from time to tin-1% , paid to it by the Government and all the receipts of the Council (including registration fees for inspection ofinstitutiong".. .Iny sums received from any authority or person) shall be credited to tlte Fund and all payments by the Council shall be I therefrom [2) All moneys belonging to the Fund shall be deposited'In such nationalised banks or invested in such mann may be decided by the Council. 4": (3) The Council may spend such sums us it thinlm lit for performing its functions under this Act, and such sums. is be treated as expenditure payable under this Act.