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Act
International Financial Services Centres Authority Act, 2019
Section number
15
Section reader
15. Fund of Authority.-
(1) There shall be constituted a Fund to be called the International Financial Services Centres Authority Fund and there shall be credited thereto-
(a) all grants, fees and charges received by the Authority under this Act; and
(b) all sums received by the Authority from the sources as may be decided upon by the Central Government.
(2) The Fund shall be applied for meeting-
(a) the salaries, allowances and other remuneration of Members, officers and other employees of the Authority; and
(b) other expenses incurred by the Authority in connection with the discharge of its functions and for the purposes of this Act.
