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TMI BlogConsumer Welfare Fund Rules, 1992X X X X Extracts X X X X X X X X Extracts X X X X ..... res, - (a) "Act" means the Central Excises and Salt Act, 1944 (1 of 1944), or, as the case may be, the Customs Act, 1962 (52 of 1962); (b) "Applicant" means Consumer or any voluntary Consumer association registered under the Companies Act, 1956 (1 of 1956) or under any other law for the time being in force, and engaged, for a period of five years, in protecting the interests of consumers, or any industry, as defined in the Industrial Disputes Act, 1947 (14 of 1947), recommended by the Bureau to be engaged, for a period of five years, in viable and useful research activity which has made, or is likely to make, significant contribution in formulation of standard mark of the products of mass consumption; (c) "Application" means an applic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts of duty and income from investment along with other monies specified in sub-section (2) of section 12C of the Central Excises and Salt Act, 1944 (1 of 1944) shall be accredited; Provided that any amount having been credited to the Fund is ordered or directed as payable to any claimant by orders of proper officer, appellate authority or court, shall be paid from the Fund. 4. Maintenance of Accounts and Records of Consumer Welfare Fund :- Proper and separate accounts in relation to the Consumer Welfare Fund shall be maintained by the Central Government and shall be subject to audit by the Comptroller and Auditor General of India. 5. Constitution of the Committee :- (1) The Committee constituted by the Central Government under su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver the meetings of the Committee. (4) Each meeting of the Committee shall be called, by giving notice in writing to every member of not less than ten days from the date of issue of such notice. (5) Every notice of the meeting of the Committee shall specify the place and the day and hour of the meeting and shall contain statement of business to be transacted thereat. (6) No proceeding of the Committee shall be valid, unless it is presided over by the Chairman or Vice-Chairman and a minimum of four other members are present. 7. Powers and Functions of the Committee :- (1) The Committee shall have powers :- (a) to require any applicant to produce before it, or before a duly authorised Officer of the Central Government, or as the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e broad guidelines for considering the projects/proposals for the purpose of incurring expenditure from the Consumer Welfare Fund; (j) to identify beneficial and safe sectors, where investments out of Consumer Welfare Fund may be made and make recommendations, accordingly. (2) The Committee shall not consider an application, unless it has been inquired into, in material details and recommended for consideration accordingly, by the Member Secretary. 8. Specification of purposes for utilisation of credits available in Consumer Welfare Fund :- The Committee shall make recommendations :- (a) for making available grants to any applicant; (b) for making available grants recommended by the Bureau for activities relating to standard mar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ised agent) The particulars heretofore given, are true and correct. Nothing material has been suppressed. The financial assistance, if provided, shall be put to the declared use for promotion and protection of rights of consumers, or for standard marks. (Strike out whichever is inapplicable). Dated…………… Applicant. Station…………... To Member Secretary, Committee (Consumer Welfare Fund), Krishi Bhavan, New Delhi. Recommendation of Member-Secretary Factual details furnished in the application have been verified in consultation with Ministry/Department of________/agency, who is/are administratively concerned in the matter, and found to be correct/incorrect. The claims of the application are recommended for consideration by t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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