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Union of India - Section

Section 53 in The Insurance Rules, 1939

53. The fees payable to the Tariff Advisory Committee

.-The fees payable to the Tariff Advisory Committee under sub-section (1) of section 64-UK in respect of a calendar year shall be paid before the 31st December of that year and shall be paid by means of a crossed Bank draft on any branch of the State Bank of India in Bombay City drawn in favour of the Committee.[53-A. Fund of the Tariff Advisory Committee and custody of its moneys [Inserted by G.S.R. 1051, dated 19.7.1971. ].-(1) The Tariff Advisory Committee shall have its own and all receipts of Committee shall be carried thereto and all payments by the Committee shall be made therefrom.
(2)Subject to any regulations that may be made in this behalf, all moneys belonging to the Tariff Advisory Committee which are not immediately required by the Committee for any purpose shall be deposited with the State Bank of India.