Fund of Authority finances the regulator's operations, paying staff remuneration and expenses under the enabling Act. A dedicated International Financial Services Centres Authority Fund is constituted to receive all grants, fees and charges payable to the Authority and other sums as the Central Government may decide. The Fund is to be applied to pay salaries, allowances and other remuneration of Members, officers and employees of the Authority and to meet other expenses incurred in the discharge of the Authority's functions and for the purposes of the Act.
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.
Fund of Authority finances the regulator's operations, paying staff remuneration and expenses under the enabling Act.
A dedicated International Financial Services Centres Authority Fund is constituted to receive all grants, fees and charges payable to the Authority and other sums as the Central Government may decide. The Fund is to be applied to pay salaries, allowances and other remuneration of Members, officers and employees of the Authority and to meet other expenses incurred in the discharge of the Authority's functions and for the purposes of the Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
