Para 2.12 — CAM
CAM
Original Rule Text
2.12 ACCOUNTING OF TRANSACTIONS UNDER RESERVES AND RESERVE FUNDS 2.12.1 Any device to render the grants non-lapsing by withdrawing such amounts to a Fund is contrary to the strict principles of sound budgetary and financial controls. However, such a course is adopted in certain cases with the cognizance and approval of the competent authority (Cabinet/Parliament etc.) to constitute a specific Reserve or Reserve Fund. These Reserves or Reserve Funds may be classified under the following three categories according to the sources from which they are funded: