Section 8 in The Science and Engineering Research Board Act, 2008
Title: Application for availing of financial assistance.
(1) An application for availing of financial assistance for the purposes specified in sub-section (1) of section 7 shall be made to the Board in such form as may be prescribed.
(2) The Board may, after examining the application and after making such enquiries or seeking such clarifications as it considers necessary, by order in writing, either sanction the financial assistance or refuse the same.
Title: Grants and loans by Central Government.
The Central Government may, after due appropriation made by Parliament by law, in this behalf, make to the Board grants and loans of such sums of money as that Government may consider necessary.
Title: Fund for Science and Engineering Research.
(1) There shall be constituted a Fund to be called the Fund for Science and Engineering Research and there shall be credited to the Fund—
(a) any grants and loans made to the Board by the Central Government under section 9;
(b) all sums received by the Board including donations from any other source;
(c) recoveries made of the amounts granted from the Fund; and
(d) any income from investment of the amount of the Fund.
(2) The Fund shall be applied for meeting—
(a) expenses on the object and for the purposes authorised by this Act;
(b) salaries, allowances and other expenses of the members, officers and other employees of the Board;
(c) remunerations of the consultants and visiting scientists; and
(d) expenses of the Board in the discharge of its functions under this Act.
The Board shall prepare, in such form and at such time in each financial year, as may be prescribed, its budget for the next financial year, showing the estimated receipts and expenditure of the Board and forward the same to the Central Government.
Title: Annual report.
The Board shall prepare, in such form and at such time in each financial year, as may be prescribed, its annual report, giving a full account of its activities during the previous financial year, and submit a copy thereof to the Central Government.