law: Employees’ State Insurance Act, 1948
  26. Employees’ State Insurance Fund
  (1) All contributions paid under this Act and all other moneys
  
  received on behalf of the Corporation shall be paid into a fund called the
  
  Employees' State Insurance Fund which shall be held and administered by the Corporation
  
  for the purposes of this Act.
  (2) The Corporation may accept grants, donations and gifts from
  
  the Central or any 62[State Government,] 63[***] local
  
  authority, or any individual or body whether incorporated or not, for all or
  
  any of the purposes of this Act.
   64  [(3) Subject to the other provisions contained in this Act
  
  and to any rules or regulations made in this behalf, all moneys accruing or
  
  payable to the said Fund shall be paid into the Reserve Bank of India or such
  
  other bank as may be approved by the Central Government to the credit on an
  
  account styled the account of the Employees’ State Insurance Fund.]
  (4) Such account shall be operated on by such officers as may be
  
  authorized by the Standing Committee with the approval of the Corporation.