Section 15. Procedure for forwarding Budget to Government

(1) Each year the budged estimates for next financial year shall . be laid before the Corporation'on or before the first day of December of each year and after approval of the Corporation shall be forwarded by December 15 -to the State Government for approval. The State Government shall approve the budget before January 15, of making such amendments and alteration as it considers necessary. . (2) The budget so approved shall constitute the budget of the Corporation for the ensuing financial year and shall be issued under the seal of the Corporation and signed by the officer or officers of the Corporation duly authorised in this behalf. Authenticated copies of the budged shall be forwarded to the Central and State Governments. and the Accountant-General, Uttar Pradesh, Allahabad, on or before January 3.1, each year. .