law: The Petroleum and Natural Gas Regulatory Board Act, 2006
  39. Fund.-
  1.  There
  
  shall be constituted a Fund to be called the Petroleum and Natural Gas
  
  Regulatory Board Fund and there shall be credited thereto-
   
  
   i.  
  
    all
  
  grants, fees, penalties and charges received by the Board under this Act; and
  all
  
  sums received by the Board from such other sources as may be approved by the
  
  Central Government.
  2.  The
  
  Fund shall be applied for making payments towards-
   
  
   i.  
  
    the
  
  salaries and allowances payable to the Chairperson and other members and the
  
  administrative expenses including the salaries, allowances and pensions payable
  
  to the officers and employees of the Board;
  the
  
  expenses incurred or to be incurred in carrying out the provisions of this Act.
  1.  
  2.  
  3.  The
  
  Central Government shall-
   
  
   i.  
  
    constitute
  
  a committee consisting of such persons as it thinks fit to recommend to that
  
  Government the budgetary requirements of the Board for salaries, allowances and
  
  all other expenses; and
   
  
   ii.  
  
    fix
  
  the budgetary ceiling of the Board on the basis of the recommendations of the
  
  committee.