Utilisation of Fund mandates use for consumer welfare and requires separate accounts plus an annual prescribed statement. All sums credited to the Fund shall be utilised by the Government for consumer welfare in the prescribed manner; the Government or a specified authority must maintain proper and separate accounts and records and prepare an annual statement of accounts in a prescribed form determined in consultation with the external audit function.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Utilisation of Fund mandates use for consumer welfare and requires separate accounts plus an annual prescribed statement.
All sums credited to the Fund shall be utilised by the Government for consumer welfare in the prescribed manner; the Government or a specified authority must maintain proper and separate accounts and records and prepare an annual statement of accounts in a prescribed form determined in consultation with the external audit function.
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