The Council shall establish a fund to be called the fund of the Council.

the following shall form part of, or be paid into, the fund of the Council--

to the repayments of debts incurred by the Council for the purposes of this

to the expenses of any suit or legal proceedings to which the Council is a party;

to the payment of salaries and allowances to the officers and servants of the Council;

to the payment of allowances to the office bearers of the Council;

to the payment of any expenses incurred by the Council in carrying out the provisions of this Act and the rules and regulations made thereunder;

any other expenses incurred for the promotion and development of paramedical education, research and training, declared by the Council to be in the general interest of Paramedical & Education Council profession;

'Me accounts of the Council shall he prepared before such date and at such intervals and in such manner as may be prescribed.

new accounts of the Council shall be audited by the registered chartered accountant. The audit fee of the chartered accountant shall be fixed by the Council from time to time as per their regulations.

As soon as the accounts of the Council are audited the Council shall send a copy thereof, together with a copy of the report of the Director Medical Education thereon, to the State Government in such manner as may he prescribed.

TW Registrar shall cause to he prepared, in such form as may be prescribed, a budget in respect of the fmancial year next ensuing, showing the estimated receipts and expenditure and shall cause it to be laid before the Council at such tirne and in such manner as may be prescribed.

Within fifteen days from the date of the meeting in which the budget is passed, it shall be forwarded to the State Government.

If the State Government is of the opinion that provisions of the budget so forwarded to it are not adequate for carrying out the purposes of this Act, it shall return the budget to the Council for such modifications as may he suggested by the State Government.

The Council shall be competent to reappropriate such amounts as may be necessary from one head to another and within such heads or minor heads.

'Me Council, may as and when required, pass a supplementary budget in such form and by such date as may be prescribed and the provisions of sub-seeflons (2), (3) and (4) shall apply to such supplementary budget.