Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall prepare each year in such form and within such time, as may be prescribed, a budget in respect of the ensuing financial year, showing the estimated receipts and expenditure and shall forward a copy of the same to the Government for approval. (2) The Government may, in according such approval, make such additions, alterations and modifications thereon as it thinks fit : Provided that before making such additions, alterations or modifications, the Government shall give the Board an opportunity to express its views thereon within such period as may be prescribed.