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The Press Council Act, 1974

( ACT NO. XXV OF 1974 )

Fund of the Council
15. (1) The Council shall have its own fund, and all such sums as may, from time to time, be paid to it by the Government and all grants and advances made to it by any other authority or person shall be credited to the fund and all payments by the Council shall be made therefrom:
 
 
 
 
Provided that no grant or advance from any foreign source shall be accepted by the Council without the prior approval of the Government.
 
 
 
 
(2) All moneys belonging to the fund shall be deposited in such banks or invested in such manner as may, subject to the approval of the Government, be decided by the Council.
 
 
 
 
(3) The Council may spend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the fund of the Council.

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