law: The Indian Council of World Affairs Act, 2001
  18. Fund of Council.-
  1.  
  
    The
  
  Council shall maintain a Fund to which shall be credited to-
  a.   all moneys received
  
  from the Central Government;
  b.   all moneys received
  
  by the Council by way of grants, gifts, donations, benefactions, bequests or
  
  transfers; and
  c.   all moneys received
  
  by the Council in any other manner or from any other source.
  1.  
  
  
  2.  
  
    All
  
  moneys credited to the Fund shall be deposited in such banks or invested in
  
  such manner as the Council may, subject to the approval of the Central
  
  Government, decide.
  3.  
  
    The
  
  Fund shall be applied towards meeting the administrative and other expenses of
  
  the Council, including expenses incurred in the exercise of its powers and
  
  discharge of its functions under section 16 or in relation to any of the
  
  activities referred to therein or for anything relatable thereto.