NCISM Act 40Chapter VII · Grants, Audit and Accounts
Section 40 · National Commission Fund for Indian System of Medicine
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(1) There shall be constituted a
fund to be called “the National Commission Fund for Indian System of Medicine” and there shall be
credited thereto--
(a) all Government grants, fees, penalties and charges received by the Commission and the Autonomous Boards;
(b) all sums received by the Commission from such other source as may be decided by it.
(2) The fund shall be applied for making payment towards--
(a) the salaries and allowances payable to the Chairperson and Members of the Commission, the Presidents and Members of the Autonomous Boards and the administrative expenses including the salaries and allowances payable to the officers and other employees of the Commission and Autonomous Boards;
(b) the expenses incurred or to be incurred in carrying out the provisions of this Act including in connection with the discharge of the functions of the Commission and the Autonomous Boards.
(a) all Government grants, fees, penalties and charges received by the Commission and the Autonomous Boards;
(b) all sums received by the Commission from such other source as may be decided by it.
(2) The fund shall be applied for making payment towards--
(a) the salaries and allowances payable to the Chairperson and Members of the Commission, the Presidents and Members of the Autonomous Boards and the administrative expenses including the salaries and allowances payable to the officers and other employees of the Commission and Autonomous Boards;
(b) the expenses incurred or to be incurred in carrying out the provisions of this Act including in connection with the discharge of the functions of the Commission and the Autonomous Boards.
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