Consumer Welfare Fund governance: a statutory fund with a standing committee to recommend grants, audits, and permissible investments. The rules establish the Consumer Welfare Fund to receive duty credits and related monies, require separate audited accounts, and create a standing Committee-chaired by the Minister for Civil Supplies, Consumer Affairs and Public Distribution with specified senior members and a Member-Secretary-to recommend Fund utilisation. The Committee's meeting, quorum and notice procedures are prescribed; it may audit applicants, inspect premises, require reports, recover misused grants, reject inconsistent applications, recommend grants and investments, and approve specified uses including grants for standard-mark activities and reimbursement of legal expenses after final adjudication. Applications must be made in Form AI and be vetted by the Member-Secretary.
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.
Consumer Welfare Fund governance: a statutory fund with a standing committee to recommend grants, audits, and permissible investments.
The rules establish the Consumer Welfare Fund to receive duty credits and related monies, require separate audited accounts, and create a standing Committee-chaired by the Minister for Civil Supplies, Consumer Affairs and Public Distribution with specified senior members and a Member-Secretary-to recommend Fund utilisation. The Committee's meeting, quorum and notice procedures are prescribed; it may audit applicants, inspect premises, require reports, recover misused grants, reject inconsistent applications, recommend grants and investments, and approve specified uses including grants for standard-mark activities and reimbursement of legal expenses after final adjudication. Applications must be made in Form AI and be vetted by the Member-Secretary.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.