BUILDING AND OTHER CONSTRUCTION WORKERS’ WELFARE BOARDSCentral

Section 25 of The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996

The Board shall prepare, in such form and at such time each financial year, as may be prescribed, its budget for the next financial year, showing the estimated receipts and expenditure of the Board and forward the same to the State Government and the Central Government.

Summary

The Board must plan its finances every year by preparing a budget.
The budget shows how much money the Board expects to receive.
The budget also shows exactly how much money the Board plans to spend.
This plan is made for the upcoming financial year.
The completed budget must be sent to both the State Government and the Central Government.
Specific rules will decide the exact form and time for submitting this budget.

Practical examples

1In February, the Board estimates they will receive 50 lakhs from new registrations and will need 45 lakhs for pensions and medical aid. They record this in the official budget format under Section 25.

2After completing the budget for the year 2025, the Board Secretary sends one copy to the State Labour Department and another to the Central Ministry of Labour as required by Section 25.

FAQ

1. What must the Board's budget show under Section 25 of the Building and Other Construction Workers Act 1996?

Under Section 25 of the Building and Other Construction Workers Act 1996, the budget must show the estimated receipts and expenditure of the Board for the next financial year.

2. To whom must the Board send its budget according to the Construction Workers Act 1996?

Section 25 of the Building and Other Construction Workers Act 1996 requires the Board to forward the budget to both the State Government and the Central Government.

3. How often must the Board prepare a budget under Section 25 of the Building and Other Construction Workers Act 1996?

Section 25 of the Building and Other Construction Workers Act 1996 states the Board must prepare its budget each financial year.

Test yourself

Q1.Under Section 25 of The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, what are the two main parts of the budget?

Q2.To which authorities must the budget be forwarded under Section 25 of the Building and Other Construction Workers Act 1996?

Q3.When must the Board prepare its budget under Section 25 of the Construction Workers Act 1996?

Q4.Who determines the form and time for the budget preparation under Section 25 of the Building and Other Construction Workers Act 1996?

24PreviousSection 24 Building and Other Construction Workers’ Welfare Fund and its application.26NextSection 26 Annual report.

←Section 24 Section 26→