Section 4C: Application of surplus amount
This section is inserted by Finance Act 2016, section 51.
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
4C. Application of surplus amount
Where the (cid:191)nancial statements of a statutory body show
an operating surplus or accumulated revenue reserve arising
from special circumstances, the Board may, with the approval of
the Minister, transfer into its reserve account such amount as it
may deem appropriate and remit the remaining amount into the
Consolidated Fund.
(b) in the First Schedule, by deleting the following item and its
corresponding entry –
National Human Rights Commission Protection of Human Rights Act
(c) in the Second Schedule, in Part II, by deleting the following item
and its corresponding entry –
National Human Rights Commission Protection of Human Rights Act