The New Delhi Municipal Council Act

Constitution of the New Delhi Municipal Fund

New Delhi Municipal Fund to be kept in the State Bank of India

Operation of the Accounts

Payments not to be made unless covered by a budget-grant

Duty of persons signing cheques

Procedure when money not covered by a budget-grant is expended

Application of New Delhi Municipal Fund

Temporary payments from the New Delhi Municipal Fund for works urgently required for the public service

Investment of surplus moneys

Constitution of Finance Commission


The New Delhi Municipal Fund


All moneys payable to the
credit of the New Delhi Municipal Fund in the General Account shall be received by the Chairperson and
shall be forthwith paid into the State Bank of India to the credit of the said Account which shall be
entitled “The General Account of the New Delhi Municipal Fund”.

LAWGIST

# 45 New Delhi Municipal Fund to be kept in the State Bank of India