There shall be formed for each municipality a municipal fund, and this shall be placed to the credit thereof___
(a) all sums received by, or on behalf of, the municipality under this Act or otherwise ; and
(b) the balance, if any, standing at the credit of the municipal fund of the municipal area at the commencement of this Act.
(a) all sums received by, or on behalf of, the municipality under this Act or otherwise ; and
(b) the balance, if any, standing at the credit of the municipal fund of the municipal area at the commencement of this Act.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 2A · Substitution of expression.Section 3 · Classification of municipalities.Section 4 · Procedure for declaring muni-cipal area.Section 5 · Notification of intention to include a local area in a municipal area.Section 6 · Notification of intention to exclude local area from a municipal area.Section 7 · Exclusion of local area from a municipal area.India Code, Government of India. Text fetched 13 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.