law: Insurance Regulatory and Development Authority Act, 1999
  16. Constitution of Fund
  (1) There shall be constituted a fund to be called "the
  
  Insurance Regulatory and Development Authority Fund" and there shall be
  
  credited thereto-
  (a) all Government grants, fees and charges
  
  received by the Authority;
  (b) all sums received by the Authority from
  
  such other source as may be decided upon by the Central Government;
  (c) the percentage of prescribed premium
  
  income received from the insurer.
  (2) The fund shall be applied for meeting-
  (a) the salaries, allowances and other remuneration
  
  of the members, officers and other employees of the Authority;
  (b) the other expenses of the Authority in
  
  connection with the discharge of its functions and for the purposes of this
  
  Act.