20. Grants and loans by the Central Government.—The Central Government may, after due
appropriation made by Parliament by law, in this behalf, make to the Board grants and loans of such sums
of money as that Government may consider necessary.
21. Board Fund.—(1) There shall be constituted a fund to be called the Spices Board Fund and there
shall be credited thereto—
(a) any grants and loans made to the Board by the Central Government under section 20;
(b) all fees levied and collected in respect of certificates granted under this Act; and
(c) all sums received by the Board from such other sources as may be decided upon by the
Central Government.
(2) The Fund shall be applied for meeting—
(a) salary, allowances and other remuneration of the members, officers and other employees of
the Board;
(b) expenses of the Board in the discharge of its functions under section 7; and
10
(c) expenses on objects and for purposes authorised by this Act.
22. Budget.—The Board shall prepare in such form and at such time each financial year, as may be
prescribed, its budget for the next financial year, showing the estimated receipts and expenditure of the
Board and forward the same to the Central Government.
23. Annual report.—The Board shall prepare, in such form and at such time each financial year, as
may be prescribed, its annual report, giving a full account of its activities during the previous financial
year, and submit a copy thereof to the Central Government.
24. Accounts and audit.—The accounts of the Board shall be maintained and audited in such manner
as may, in consultation with the Comptroller and Auditor-General of India, be prescribed and the Board
shall furnish to the Central Government before such date, as may be prescribed, its audited copy of
accounts together with the auditors’ report thereon.
25. Annual report and auditors’ report to be laid before Parliament.—The Central Government
shall cause the annual report and auditor’s report to be laid, as soon as may be after they are received,
before each House of Parliament.