Sri Lanka Consolidated Acts

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Sri Lanka Accounting and Auditing Standards Act (No. 15 of 1995) - Sect 32

Fund of the board

32.
(1)The Board shall have its own Fund. There shall be credited to the Fund of the Board
(a)all such sums of money as may be voted from time to time by Parliament for the use of the Board;
(b)all such some of money received by the Board as proceeds of the cess imposed under section; and
(c)all such some of money received by the Board in the exercise and performance of its powers and duties under the Act.
(2)There shall be paid out of the Fund of the Board all sums of money as or required to defray the expenditure incurred by the Board in the exercise, discharge and performance of its power s duties and functions under this Act or any other written law

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