BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020
Section 121: Application of Tribunal’s Fund.
The Tribunal may apply the proceeds of the Tribunal’s Fund to-(a) meet the cost of administration of the Tribunal;
(b) reimburse members of the Tribunal and staff or any committee for expenses authorised;
(c) pay the salaries, remuneration or allowances, pensions and gratuities as applicable to the members of the Tribunal and staff of the Tribunal;
(d) finance staff promotion, training, internships, scholarships, research and similar activities;
(e) maintain any property acquired by or vested in the Tribunal;
(f) meet any capital expenditure approved by the Tribunal; and
(g) implement all or any of the functions of the Tribunal under this Act or any matter connected with those functions.
Cite this section
Section 121, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).
https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/121/