Amendment status not verified — confirm the current text below against the official source.
(1) The Fund shall be operated by the Chief Executive Officer according to the direction of the Executive Committee and shall be utilised only for the purposes provided for in the Ordinance, Rules and Scheme. (2) The Chief Executive Officer with the approval of the Executive Committee shall open Savings/Current Bank Account in any Nationalised/Scheduled Bank/Co-operative Bank for effecting transactions of the Fund.