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Food Safety and Standards Authority of India (Financial) Regulations, 2023.

Country
Type of law
Regulation
Source

Abstract
These Regulations are framed by the Food Safety and Standards Authority of India (Food Authority) in exercise of the powers conferred by clause (t) of sub-section (2) of section 92 read with sub-section (2) of section 81 of the Food Safety and Standards Act, 2006.
Regulation 2 states that Food Authority shall maintain the Food Safety and Standards Authority of India Fund (Fund) to further the objectives of the Act. Financial receipts of the Food Authority shall include grants made by the central government; sums realised by way of fees and penalties and other statutory charges by the Food Authority; income received out of the investments made from the Fund; by way of testing charges, consultancy, grants, donations etc. Regulation 3 establishes a Finance Committee to provide overall inputs on financial matters of the Food Authority and specifically relating to review of the budget; estimation of grants from the central government and other receipts; audit of accounts; investments; and advice on budget allocations for various work programmes. Regulation 5 requires that the Food Authority shall maintain appropriate accounts and records to prepare an annual statement of accounts and the same shall be audited by the Comptroller and Auditor-General of India.
Date of text
Entry into force notes
They shall come into force on the date of their publication in the Official Gazette.
Repealed
No
Source language

English

Legislation Amendment
No
Implements