Section 11: Funds of the Institute and expenditure.

(1) The Institute shall maintain a Fund which shall be applied towards the discharge of its functions and into which shall be paid -
(a) all fees, and other monies payable to the Institute ;
(b) all grants, aids, and solicited funds received for the Institute ; and
(c) proceeds from programmes and activities.
(2) There shall be defrayed from the Fund-
(a) the remuneration and allowances of the Registrar and other employees of the Institute ;
(b) such reasonable travelling allowance, (as determined by the Board and its Committees) incurred in the business or official functions of the Institute;
(c) any expense incurred bythe Board in the discharge of its duties.