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The Paurashava Ordinance, 1977 (Ordinance)

( Ordinance NO. XXVI OF 1977 )

Chapter I

PAURASHAVA FUND AND PROPERTY

Custody or investment of Paurashava Funds and establishment of special funds
46. (1) The moneys credited to a Paurashava Fund shall be kept in a Government treasury, or in a bank transacting the business of a Government treasury, or in such other manner as may be specified by the Government from time to time.
 
 
 
 
(2) A Paurashava may invest any portion of its fund in such manner as may be prescribed.
 
 
 
 
(3) A Paurashava may, and if required by the Government shall, establish and maintain a separate fund for any special purpose, which shall be administered and regulated in such manner as may be prescribed.

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