Section 23
Fund of the Council.
The National Council for Teacher Education Act, 1993
About this Act
An Act to provide for the establishment of a National Council for Teacher Education with a view to achieving planned and co-ordinated development of the teacher education system throughout the country, the regulation and proper maintenance of norms and standards in the teacher education system including qualifications of school teachers and for matters connected therewith.
(1) The Council shall have its own fund; and all sums which may, from
time to time, be paid to it by the Central Government or a State Government and all the receipts of the
Council, including any sum which any other authority or person in India or abroad may pay to the
Council, shall be credited to the fund and all payments by the Council shall be made therefrom.
(2) All moneys belonging to the fund shall be deposited in such banks or invested in such manner as may be decided by the Council.
(3) The Council may spend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the fund of the Council.
(2) All moneys belonging to the fund shall be deposited in such banks or invested in such manner as may be decided by the Council.
(3) The Council may spend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the fund of the Council.