N.R.C.D.344
Centre for Scientific Research into Plant Medicine Act, 1975
Financial Provisions
12. Funds of the Centre
The funds of the Centre include subventions from the Government moneys accruing to
the Centre in the course of the performance of its function under this Act, donations,
endowments, grants, investments and moneys from any other source approved by the
Council.
13. Donations
A donation shall be made directly to the Centre which shall utilise the donation in furtherance of any of its objectives under this Act.
14. Estimates of expenditure
(1) The Director shall for each financial year prepare and submit not later than two
months before the commencement of that financial year draft estimates of expenditure in
respect of the Centre administration and research projects during that financial year.
(2) The Council shall consider the estimates and shall after approval by it, submit
them through the Ministry responsible/or Health to the Government for approval.
(3) The Council shall ensure that the funds of the Centre are employed solely for the
purposes for which they were approved and in accordance with the financial regulations
made by Minister on the recommendations of the Council.
15. Account and audit
(1) The Centre shall keep proper books of accounts and proper records in relation to
the accounts.
(2) The Centre shall prepare an annual statement of accounts in the form and contain
ing the particulars directed by the Auditor-General.
(3) The books and accounts of the Centre shall be audited by the Auditor-General in
accordance with article 187 of the Constitution.
(4) The Auditor-General shall in the report state whether proper books of accounts have
been kept by the Centre and shall call the attention of the Government to a matter
falling within the scope of the examination which should be brought to the attention of the
Government.
(5) The Council shall as soon as possible on receiving the report of the Auditor
General forward a copy to the Minister.
(6) The Minister shall as soon as practicable on receipt of the Auditor-General's
report lay it before Parliament.
16. Annual report
(1) The Centre shall not later than six months after the end of each financial year
submit an annual report through the Council to the Minister in the form prescribed by
Minister which shall include the statement of accounts in section 15 (2) and the Minister
shall as soon as practicable lay the report before Parliament.
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