16.(1)There shall be formed a Fund to be called the Council Fund and there shall be credited there to-
a) All fees collected in respect of registrations made under this Act;

b) All fees collected in respect of examination conducted by the Council under this Act;

c) Any other fees that may be charged and collected by the Council under this Act or the rules and regulation made there under;

d) Any grants or loans that may be made by the Central Government or the State Government for the purpose of this Act;

e) Any grants or loans that may be made by any person for the purpose of this Act;

f) All sums that may be received by the Council by the way of donations, trust , bequest or any other grant.

The Council fund formed under sub-section (1) shall be expended to meet all expenses and liabilities properly incurred by the council for carrying out the purposes of this Act;

(3) All moneys standing at the credit of the Council Fund shall be deposited in the State Bank Of India or in any other Bank specified in column 2 of the First Schedule to Banking Companies Act(Acquisition and Transfer of Undertakings), 1970 (No. 5 of 1970) or the co-operative Bank and shall be operated upon by such persons and in such manner as may be prescribed.

17.1) The accounts of the Council shall be prepared before such date and at such intervals and in such manners as may be prescribed.

2) The accounts of the Council shall be audited by the Director of the local fund Account and shall be subject to provision of Madhya Pradesh Sthaniya Nidhi Sampariksha Adhiniyam 1973 (no.43 of 1973).

3) As soon as the accounts of theCcouncil are audited, the Council shall send a copy there of, together with a copy of the report of the Director of local fund Account there on , to the State Government in such manner as may be prescribed.

18. 1) The Registrar shall cause to be prepared, in such form as may be prescribed, a budget in respect of the financial year next ensuing showing the estimated receipts and expenditure and shall cause it to be laid before the Council at such time and in such manner as may be prescribed.

2) Within fifteen days from the date of the meeting in which the budget is passed it shall be forwarded to the State Government or such officer of the State Government, as the State Government may specify in this behalf.

3) If the State Government is of the opinion that provisions of budget so forwarded to it are not adequate for carrying out the purposes of the Act, it shall return the budget to the council for such modifications as may be suggested by the State Government.

4) The council shall be competent to re-appropriate such amounts as may be necessary from one head to another and within such heads or minor heads.

5) The Council may, as and when required, pass a supplementary budget in such form and by such date as may be prescribed and the provisions of the sub-sections (2), (3), and (4) shall apply to such supplementary budget.