Amendment status not verified — confirm the current text below against the official source.
The State Government may, after considering the budget estimate, the accounts of the Council and such other reports as it may call for, make such annual or periodical grants to the Council as it may think fit: Provided that on the establishment of the Council and before the first budget estimate is forwarded to the State Government, that Government may, after considering such report as it may call for from the Council, make such initial grant to the Council as may be considered necessary. Council Fund. 21. (1) The Council shall have a Fund to be called the West Bengal State Council of Vocational Education and Training Fund to which shall be credited— (a) all sums which may be paid by the State Government under section 20; (b) all fees realised under any of the provisions of this Act; (c) all sums representing income from endowments or from property owned or managed by the Council; and (d) all other sums received by or on behalf of the Council from any source whatsoever. (2) The Fund shall vest in the Council and shall be under its control and shall be held by it in trust for the purposes of this Act. (3) All moneys payable to the credit of the Fund shall forthwith be paid into the Reserve Bank of India, or the State Bank of India or any branch thereof, or any Nationalised Bank or any branch thereof, to the credit of the Fund, and all cheques drawn on the Fund shall be signed by the President or by such other person as he may authorise in writing in this behalf. Application of