Section 9
Funds of the Board.
The Central Silk Board Act, 1948
About this Act
An Act to provide for the development under Central control of the silk industry and for that purpose to establish a Central Silk Board.
(1) The Central Government shall from time to time make grants to the
Board of such sums as the Central Government may consider necessary for enabling the Board to exercise
its powers and discharge its duties under this Act.
(2) The funds of the Board shall be kept in such bank, or, invested in such manner, as may be prescribed and shall be expended by the Board only in the performance of its functions under this Act or for meeting such expenses as are authorised by the Act or by rules made thereunder.
(2) The funds of the Board shall be kept in such bank, or, invested in such manner, as may be prescribed and shall be expended by the Board only in the performance of its functions under this Act or for meeting such expenses as are authorised by the Act or by rules made thereunder.