Section 46
Constitution of fund.
The Indian Antarctic Act, 2022
About this Act
An Act to provide for the national measures for protecting the Antarctic environment and dependent and associated ecosystems and to give effect to the Antarctic Treaty, the Convention on the Conservation of Antarctic Marine Living Resources and to the Protocol on Environmental Protection to the Antarctic Treaty and for matters connected therewith or incidental thereto.
(1) There shall be constituted a fund to be called the Antarctic Fund
and there shall be credited thereto,--
(a) all fees received for grant of permit and charges collected for Antarctic related activities under this Act;
(b) any grant or loans that may be made by the Central Government for the purposes of this Act; and
(c) any grant or loans that may be made by any institution for the purposes of this Act.
(2) The fund shall be applied towards the welfare of Antarctic research work and protection of Antarctic environment.
(3) The Committee shall maintain and administer the fund in such manner as may be prescribed.
(a) all fees received for grant of permit and charges collected for Antarctic related activities under this Act;
(b) any grant or loans that may be made by the Central Government for the purposes of this Act; and
(c) any grant or loans that may be made by any institution for the purposes of this Act.
(2) The fund shall be applied towards the welfare of Antarctic research work and protection of Antarctic environment.
(3) The Committee shall maintain and administer the fund in such manner as may be prescribed.