Amendment status not verified — confirm the current text below against the official source.
Board Fund.- (1) The Board shall have its own fund and the following moneys shall be placed to the credit thereof:- (a) fees and charges levied by the Board; (b) contribution, if any, paid by the State Government; and (c) any money received by or on behalf of the Board. (2) The Board Fund shall be kept in a Scheduled Bank as defined in the Reserve Bank of India Act, 1934, or invested in securities authorised by the Indian Trusts Act, 1882 at the discretion of the Board.