Section 40 of The National Commission for Homoeopathy Act, 2020.
- (1)There shall be constituted a fund to be called "the National Commission Fund for Homoeopathy" 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, Presidents and Members of the Autonomous Boards and administrative expenses including the salaries and allowances payable to the officers and other employees of the Commission and the 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.
Summary
- A special fund is created called the National Commission Fund for Homoeopathy.
- The fund collects money from government grants, fees, penalties, and charges paid to the Commission and its Boards.
- The fund pays the salaries and allowances of the Commission members, Board members, and staff.
- The fund also covers all administrative expenses needed to carry out the duties required by the Act.
Practical examples
FAQ
1. What is the name of the official account for the Commission?
It is officially called the National Commission Fund for Homoeopathy.
2. What kind of money goes into this fund?
It receives government grants, fees, penalties, charges, and other decided sources of income.
3. What is the fund used for?
It pays salaries, allowances, and the general expenses of running the Commission and its Boards.
Test yourself
Q1.Under Section 40 of The National Commission for Homoeopathy Act, 2020., what is the official name of the fund constituted for the Commission?
Q2.Under Section 40 of The National Commission for Homoeopathy Act, 2020., which of the following is credited into the fund?
Q3.Under Section 40 of The National Commission for Homoeopathy Act, 2020., what is a permitted use of the money in the fund?
Q4.Under Section 40 of The National Commission for Homoeopathy Act, 2020., besides the Commission members and staff, whose salaries are paid from this fund?