Bare ActsThe TKVIB ACT, 1966

Section 26

Amendment status not verified — confirm the current text below against the official source.

(3) The Board may, within the respective limits of the khadi budget and the viUage industries budget sanction any re-appropriation from one head of expenditure to another or from a'provision made for one scheme to that in respect of another but: subject to the provisions of sub-section (3') of section 22. in no case shall a re-appropriation of funds be made from thekhadi budget to the village industries budget or from the village industries budget to the khadi budget. .. Provided tha,t no re-appropriation 'from the .-head 'Loan" to any other head of .expenditure and vice versa in. either budget shall be sanctioned by the Board except with the previous approval of the Administrator. (4) The Board may, within such limit and subject to such conditions as may be prescribed, incur expenditure in excess of the limit provided in the budget approved by the Administrator under any head of expenditure or in connection with any .particular scheme so long as the aggregate amount " in either budget approved by the Administrator is not exceeded. The Board may, in any year submit a supplementary Supplementary budget for tneapprovalot the Administrator in such budget. . form and before such date as the Adm!nistrator may prescribe and the provisions of section 25 shall apply in relation to such supplementary budget. (1) The Board shall prepare and forward to the Administrator in such manner as may be prescribed an annual report within three months from the end of each .financial year giving a complete account of its activities, A al I· d d . . nnu po ICY an programme unng the previous financial year alongwith a copy of the-annual. statement of accounts Report. referred to in section 29. (2) The Board shall prepare and forward to the Commission an annual report within three months from the end oteacn financial year giving a complete account of the funds received by the board from the Commission and thp activities carried on by the L/

Section 26 – The TKVIB ACT, 1966 | DailyLaw.ai