Section 26:
Employees' State Insurance Fund.
(1) All contributions paid under this Act and all other
moneys received on behalf of the Corporation shall be paid into a fund called the Employees' State
Insurance Fund which shall be held and administered by the Corporation for the purposes of this Act.
(2) The Corporation may accept grants, donations and gifts from the Central or any State
Government, 1*** local authority, or any individual or body whether incorporated or not, for all or any of
the purposes of this Act.
2[(3) Subject to the other provisions contained in this Act and to any rules or regulations made in this
behalf, all moneys accruing or payable to the said Fund shall be paid into the Reserve Bank of India or
such other bank as may be approved by the Central Government to the credit of an account styled the
account of the Employees' State Insurance Fund.]
(4) Such account shall be operated on by such officers as may be authorised by the Standing
Committee with the approval of the Corporation.
Notes:
1. The words and letter "Part B State," omitted by Act 53 of 1951, s. 10 (w.e.f. 6-10-1951).
2. Subs. by s. 10, ibid., for sub-section (3) (w.e.f. 6-10-1951).