Article 267 In English | Article 267 Of Indian Constitution In English | What Is Article 267

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Article 267 Of Indian Constitution In English

Article 267 – Contingency Fund.
(1) Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled the Contingency Fund of India into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the President to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by Parliament by law under Article 115 or Article 116.

(2) The Legislature of a State may by law establish a Contingency Fund in the nature of an imprest to be entitled the Contingency Fund of the State into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the Governor of the State to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by the Legislature of the State by law under Article 205 or Article 206 Distribution of Revenues between the Union and the States.

indian constitution part 12 articles

Article 267 In English

267 Article – Contingency fund.
(1) Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled to the Contingency Fund of India to be paid from time to time in such sum as may be determined by such law. , and the said fund shall be at the disposal of the President to enable advances to be made by him from such fund for the purposes of meeting unforeseen expenditure pending authorization of such expenditure by Parliament by law under article 115 or article 116. placed in.
(2) The Legislature of a State may by law establish a Contingency Fund in the nature of an imprest to be entitled to the Contingency Fund of the State to be paid from time to time in such sum as may be determined by such law. and for the purposes of meeting the unforeseen expenditure pending the authorization of such expenditure by the Legislature of the State, the said fund shall be placed at the disposal of the Governor of the State so that he may make advances out of such fund.

Note- All the things mentioned in this have been taken from the Indian Constitution itself. That is, it is the word of the constitution.

What Is Article 267 Of Indian Constitution?

Article 267 Debate Summary

The draft Article empowered the Union and State Legislatures to set up a Contingency Fund to meet unforeseen expenditure. The President or the Governor, as the case may be, shall handle the Fund. The member recommended the introduction of this draft article to enable union and state officials to meet unforeseen or urgent expenditures that did not have legislative approval.

He cited the example of similar funds in the United Kingdom. Another member supported this draft article and felt that the financial provisions in the Constitution would be incomplete without the Contingency Fund. There was no further discussion. The draft article was adopted on 4 August 1949.

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