Utilisation of Fund for consumer welfare requires prescribed application and audited annual accounts prepared with audit consultation. All sums credited to the Fund shall be utilised by the Government for the welfare of consumers in the prescribed manner. The Government or a specified authority must maintain proper and separate accounts and relevant records relating to the Fund and prepare an annual statement of accounts in the 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 for consumer welfare requires prescribed application and audited annual accounts prepared with audit consultation.
All sums credited to the Fund shall be utilised by the Government for the welfare of consumers in the prescribed manner. The Government or a specified authority must maintain proper and separate accounts and relevant records relating to the Fund and prepare an annual statement of accounts in the prescribed form determined in consultation with the external audit function.
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