Contingency Fund of India Act

An Act to provide for the establishment and maintenance of Contingency Fund.

1. Short title

This  Act may  be called the Contingency Fund of India Act, 1950.

2. Establishment of the Contingency Fund of India

There shall be� established a� Contingency Fund� in the� nature of an imprest entitled �the Contingency� Fund of� India, into which shall be paid from and out� of the Consolidated Fund of India a sum of 2*[fifty crores of rupees]:� 3*["Provided that� during the period beginning on the 22nd day of� October, 1979� and ending on the 31st day of March, 1980, this section� shall have� effect subject� to the� modification that� for� the� words� "fifty crores� of rupees",� the words "one hundred and fifty crores of� rupees"] 4*****�� 3. Custody of the Contingency Fund and withdrawals there from.

3. Custody of the Contingency Fund and withdrawals there from

The Contingency Fund� of India shall be held on behalf of the President by a Secretary to the Government of India in the Ministry of Finance, and no advances� shall be made out of such fund except for the purposes of meeting� unforeseen�� expenditure� pending�� authorization�� of�� such expenditure by Parliament under appropriations made by law.

4. Power to make rules

4. Power to make� rules.

[(1)]5*� For the purpose of carrying out� the� objects� �of� this� Act,� the� Central� Government� may� 6*[,� by� notification in� the Official� Gazette,] make� rules 7* regulating all� matters connected� with or ancillary to the custody of, the payment of� moneys into and the withdrawal of moneys from, the Contingency Fund of� India.6*["(2) Every rule made under this section shall be laid, as soon� as may� be after it is made, before each House of Parliament, while it� is in� session, for� a total� period� of� thirty� days� which� may� be� comprised in� one session� or in� two or more successive sessions. And� if, before the expiry of the session immediately following the session� or the� successive sessions aforesaid, both Houses agree in making any� modification in the rule or both Houses agree that the rule should not� be made,� the rule� shall thereafter have effect only in such modified� form or� be of� no effect,� as the� case may be; so, however, that any� such modification� or annulment� shall be� without� prejudice� to� the� validity of anything previously done under that rule."]

  1. The Act has been extended to-- Goa, Daman� and Diu� by Reg. 12 of 1962, s. 3 and Sch.; Dadra and� Nagar Haveli� by Reg.� 6 of� 1963, s.

  2. and Sch. I; and Pondicherry by� Reg. 7 of 1963, s. 3 and Sch. I. 2.�� Subs. by Act 81 of 1976, s. 2, for "thirty crores of rupees".

  3. Added by Act 4 of 1980, s. 2 (w.e.f. 22-10-1979).

  4. The proviso omitted by s. 2, ibid., which was previously inserted by Act 10 of 1972, s. 2 (w.e.f. 9-2-1972).

  5. S. 4, numbered as sub-section (1) thereof by Act 51� of� 1982, s.2.

  6. Ins. by s. 2, ibid.

  7. For Contingency� Fund of� India Rules,� see G.S.R.O.� Vol. VI, p.� 333.