#THE CONTINGENCY FUND OF INDIA ACT, 1950 
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##ARRANGEMENT OF SECTIONS 
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SECTIONS 

1. Short title. 
2. Establishment of the Contingency Fund of India. 
3. Custody of the Contingency Fund and withdrawals therefrom. 
4. Power to make rules. 

 
 
#THE CONTINGENCY FUND OF INDIA ACT, 1950 

ACT NO. 49 OF 1950

[14th August, 1950.] 

An Act to provide for the establishment and maintenance of Contingency Fund.

BE it enacted by Parliament as follows:— 

1. **Short title.**—This Act may be called the Contingency Fund of India Act, 1950. 

2. **Establishment of the Contingency Fund of India.**— (1) There shall be established a 
Contingency Fund in the nature of an impress entitled the Contingency Fund of India, into which shall 
be paid from and out of the Consolidated Fund of India a sum of fifty crores of rupees.

(2) On and from the date on which the Finance Bill, 2005 receives the assent of the president, 
the  sum  which  shall  be  paid  from  and  out  of  the  Consolidated  Fund  of  India  into  the  Contingency 
Fund of India under sub-section (1) shall stand enhanced to five hundred crores of rupees.

(3) On and from the date on which the Finance Bill, 2021 receives the assent of the President, 
the  sum  which  shall  be  paid  from  and  out  of  the  Consolidated  Fund  of  India  into  the  Contingency 
Fund of India under sub-section (2) shall stand enhanced to thirty thousand crores of rupees.

Provided  that  during  the  period  beginning  on  the  28th  day  of  July,  1999  and  ending  on  the 
31st day of March, 2000, this section shall have effect subject to the modification that for the words 
“fifty crores of rupees”, the words “five hundred and fifty crores of rupees” shall be substituted: 

Provided further that during the period beginning on the 24th day of January, 1998 and ending on 
the  31st  day  of  March,  1998,  this  section  shall  have  effect  subject  to  the  modification  that  for  the 
words  “fifty  crores  of  rupees”,  the  words  “thirty-two  thousand  four  hundred  and  ninety  crores  of 
rupees” shall be substituted.

3. **Custody of the Contingency Fund and withdrawals therefrom.**—The Contingency Fund of 
India  shall  be  held  on  behalf  of  the  President  by  a  Secretary  to  the  Government  of  India  in  the 
Ministry  of  Finance,  and  no  advances  shall  be  made  out  of  such  fund  except  for  the  purposes  of 
meeting  unforeseen  expenditure  pending  authorisation  of  such  expenditure  by  Parliament  under 
appropriations made by law. 

4. **Power to make rules.**—(1) For  the  purpose  of  carrying  out  the  objects  of  this  Act,  the 
Central Government may, by notification in the Official Gazette, make rules regulating all matters 
connected with or ancillary to the custody of, the payment of moneys into and the withdrawal of 
moneys from, the Contingency Fund of India. 

(2) Every rule made under this section shall be laid, as soon as may be after it is made, before 
each  House  of  Parliament,  while  it  is  in  session,  for  a  total  period  of  thirty  days  which  may  be 
comprised  in  one  session  or  in  two  or  more  successive  sessions,  and  if,  before  the  expiry  of  the 
session immediately following the session or the successive sessions aforesaid, both Houses agree in 
making any modification in the rule or both Houses agree that the rule should not be made, the rule 
shall thereafter have effect only in such  modified  form  or  be  of  no  effect,  as  the  case  may  be;  so, 
however,  that  any  such  modification  or  annulment  shall  be  without  prejudice  to  the  validity  of 
anything previously done under that rule.