Section 17 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008
Budget of Institute.
The Institute shall prepare in such form and at such time every year a budget in respect of the financial year next ensuing showing the estimated receipts and expenditure of the Institute and shall forward to the Central Government such number of copies thereof as may be prescribed.
Summary
- The Institute must create a budget every single year.
- This budget looks ahead to the next financial year.
- It must show exactly how much money the Institute expects to receive and how much it expects to spend.
- Copies of this completed budget must be sent to the Central Government.
Practical examples
FAQ
1. How often does the Institute have to prepare a budget?
It must prepare a budget every year.
2. What specific information has to be in the budget?
It must show the estimated receipts (money coming in) and expenditure (money going out).
3. What time period does the budget cover?
It covers the next ensuing financial year.
4. Who receives the finished budget?
Copies of it are forwarded to the Central Government.
Test yourself
Q1.Under Section 17 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, what time frame must the annual budget cover?
Q2.According to Section 17 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, what two key pieces of financial information must the budget show?
Q3.Under Section 17 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, what must the Institute do with the budget once it is prepared?
Q4.Based on Section 17 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, who determines how many copies of the budget must be sent to the government?