FINANCE, ACCOUNTS AND AUDITCentral
Section 20 of The Bureau of Indian Standards Act, 2016.
- (1)There shall be constituted a fund to be called the Bureau of Indian Standards fund and there shall be credited thereto—
- (a)any grants and loans made to the Bureau by the Central Government;
- (b)all fees and charges received by the Bureau under this Act;
- (c)all fines received by the Bureau;
- (d)all sums received by the Bureau from such other sources as may be decided upon by the Central Government.
- (2)The fund shall be applied for meeting—
- (a)the salary, allowances and other remuneration of the members, Director General, officers and other employees of the Bureau;
- (b)expenses of the Bureau in the discharge of its functions under the Act; and
- (c)expenses on objects and for purposes authorised by this Act: Provided that the fines received in clause (c) of sub-section (1) shall be used for consumer awareness, consumer protection and promotion of quality of goods, articles, processes, system or services in the country.
Summary
- All government grants, loans, fees, charges, fines, and other approved sums are deposited into this fund.
- The fund is used to pay staff salaries, allowances, and the general operating expenses of the Bureau.
- Any money collected specifically from fines must only be spent on consumer awareness, consumer protection, and promoting quality.
FAQ
1. What is the fund created by Section 20 of the Bureau of Indian Standards Act, 2016?
Section 20 of the Bureau of Indian Standards Act, 2016 creates the Bureau of Indian Standards fund. This fund collects money from government grants, loans, fees, charges, and fines received by the Bureau. It also includes money from other sources decided by the Central Government.
2. How does the standards bureau spend its money under Section 20 of the BIS Act?
According to Section 20 of the BIS Act, the fund pays for salaries, allowances, and other pay for members, the Director General, and employees. It also covers the general expenses of the Bureau as it does its work.
3. What happens to the fines collected under Section 20 of the national standards law?
Section 20 of the national standards law states that any fines collected must be used for specific purposes. These purposes include consumer awareness, consumer protection, and promoting the quality of goods and services in the country.