Section 3
Custody of the Contingency Fund and withdrawals therefrom.
The Contingency Fund of India Act, 1950
About this Act
An Act to provide for the establishment and maintenance of Contingency Fund.
The Contingency Fund of
India shall be held on behalf of the President by a Secretary to the Government of India in the
Ministry of Finance, and no advances shall be made out of such fund except for the purposes of
meeting unforeseen expenditure pending authorisation of such expenditure by Parliament under
appropriations made by law.