Amendment status not verified — confirm the current text below against the official source.
Budget estimate to be prepared 17[Brihan Mumbai Electric Supply and Trasport Committee].— (1) 18[The Brihan Mumbai Electric Supply and Transport Committee] shall, on or as 1 Clause (c-1) was deleted by Mah. 1 of 1964, s. 6(b)(ii). 2 Clause (c-2) was inserted by Bom. 48 of 1950, s. 56(2). 3 This portion was added by Bom. 13 of 1958, s. 3. 4 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 58(a). 5 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 58(a). 6 Sub-sections (3A) and (3B) were deleted by Mah. 1 of 1964, s. 6(c). 7 This word was substituted for the words “Member-in-charge” by Mah. 27 of 1999, s. 58. 8 These words were substituted for the words “Mayor-in-Council”, by Mah. 27 of 1999. 9 This portion was substituted for the portion beginning with “to be printed” and ending with “a printed copy” by Mah. 70 of 1975, s. 8(b). 10 These words were substituted for the words “fifteenth day of March” by Mah. 21 of 1989, s. 22(b). 11 Sections 126A and 126B were inserted by Bom. 48 of 1948, s. 29. 12 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 13 These words were substituted for the words “Member-in-Charge” by Mah. 27 of 1999, s. 59(b). 14 These words were substituted for the portion beginning with the words “The Member-in-charge shall” and ending with the words “time to time approve” by Mah. 27 of 1999, s. 59(a). 15 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 16 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 17 These words were substituted for the words “Member-in-charge” by Mah. 27 of 1999, s. 60(a)(i). 18 These words were substituted for the words “Member-in-charge” by Mah. 27 of 1999, s. 60(a)(i). 176 The Mumbai Municipal Corporation Act [1888 : III soon as may be after each tenth day of October, consider the estimates of 1[the General Manager and, after having obtained from the General Manager] such further detailed information, if any, as it shall think fit to require, and having regard to all the requirements of this Act, shall frame therefrom, subject to such modifications and additions therein or thereto as it shall think fit, a budget estimate, to be called budget estimate “C”, of the income and expenditure for the next official year to be received and incurred in respect of the 2[Brihan Mumbai Electric Supply and Transport Undertaking]. (2) In budget estimate “C” 3[the Committee] shall— 4[(i-a) propose, subject to the provisions of the Motor Vehicles Act, 1939 (IV of 1939), the Electricity (Supply) Act, 1948 (LIV of 1948), and any other enactment for the time being in force and of any licence granted to the Corporation thereunder the levy of fares and charges for the conveyance of passengers and for the carriage of goods by any means of transport provided, and for charges for the supply of electrical energy, by the 5[Brihan Mumbai Electric Supply and Transport Undertaking] at such rates as would in the opinion of 6[the Member-in-charge] bring in adequate revenue for meeting the proposed expenditure and for complying with the provisions of the next succeeding clauses of this sub-section;] (a) provide for the payment, as they fall due, of all sums and of all installments of principal and interest for which the corporation may be liable under this Act by reason of the acquisition, extension, administration, operation and maintenance of the 7[Brihan Mumbai Electric Supply and Transport Undertaking]; (b) allow for the amounts to be transferred during the next ensuing official year to the municipal fund as provided in sections 460KK and 460LL; and (c) allow for a cash balance at the end of the said year of not less than one lakh of rupees. 8[(3) The General Manager shall lay budget estimate ‘C’ as framed by the Brihan Mumbai Electric Supply and Transport Committee before the Standing Committee on or before each first day of December and the Standing Committee shall prepare a report to the Corporation thereon, incorporating the remarks and recommendations, if any, of the Standing Committee. (4) The Municipal Secretary shall cause budget estimate ‘C’ and the report of the Standing Committee thereon to be printed and shall, not later than the 31st day of December, forward a printed copy thereof to the usual or last known local place of abode of each councillor.] 9[126C. Estimates of expenditure and receipts of primary education.— 10[The Commissioner] shall on or before each 11[fifth day of February] have prepared and lay before 12[the Education Committee in such form as the Committee] shall from time to time approve,— (a) an estimate, classified in accordance with section 125A of the expenditure which must or should, in his opinion, be incurred by the Corporation in the next official year for the purposes of clause (q) of section 61; (b) an estimate of all balances, if any, which will be available for re-appropriation of expenditure for the purposes of clause (q) of section 61 at the commencement of the next official year; 1 These words were substituted for the words “Member-in-charge” of the Brihan Mumbai Electric Supply and Transport Undertaking and after having obtained from the said Member-in-charge” by Mah. 27 of 1999, s. 60(a)(ii). 2 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 3 These words were substituted for the words “the Member-in-charge” by Mah. 27 of 1999, s. 60(b). 4 Clause (i-a) was inserted by Mah. 32 of 1966, s. 3. 5 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 6 These words were substituted for the words “the Committee” by Mah. 10 of 1998, s. 74(b). 7 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 8 Sub-sections (3) and (4) were inserted by Mah. 27 of 1999, s. 60(c). 9 Sections 126C and 126D were inserted by Bom. 48 of 1950, s. 57. 10 These words were substituted for the words “the Member-in-charge” by Mah. 27 of 1999, s. 61(a). 11 These words were substituted for the words “first day of March” by Mah. 21 of 1989, s. 23. 12 These words were substituted for the words “the Mayor-in-Council in such form as the Council” by Mah. 27 of 1999, s. 61(b). 1888 : III] The Mumbai Municipal Corporation Act 177 (c) an estimate of five time the amount of the net estimated realisations of the Corporation in the then current financial year under the head of general tax (including arrears and payments in advance) divided by the rate fixed for general tax for the current financial year ; 1[(c-1) an estimate of the amount, if any, which should, in his opinion, be utilised by the Corporation, for the purposes of clause (q) of section 61, out of its receipts and income referred to in clause (1) of section 125, in addition to the amount referred to in clause (c) ;] (d) an estimate of the receipts of the Corporation for or in connection with the purposes of clause (q) of section 61 other than those referred to in 2[clauses (c) and (c-1)].