Section 3
Section 3 of Compensatory Afforestation Act, 2016. (/) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf, there shall be established for the purposes of this Act, a special Fund to be called the "National Compensatory Afforestation Fund" under the public account of India.
(/) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf, there shall be established for the purposes of this Act, a special Fund to be called the "National Compensatory Afforestation Fund" under the public account of India.
(2) The National Fund shall be under the control of the Central Government and managed by the National Authority in such manner as may be prescribed.
(3) On the date of establishment of the National Fund, all monies collected by the State Governments and Union territory Administrations which has been placed under the ad hoc Authority and deposited in the nationalised banks shall be transferred to the National Fund.
(4) There shall also be credited into the National Fund, by each State on yearly basis, ten per cent. of the funds realised from the user agencies in respect of the forest land diverted in their favour, which have been credited directly into the State Fund.
(5) There shall also be credited to the National Fund- (a) grants-in-aid received, if any, by the National Authority;
(b) any loan taken or any borrowings made by the National Authority;
(c) any other sums received by the National Authority by way of benefaction, gift or donations.
(6) The monies received in the National Fund shall be an interest bearing fund under public accounts of India.
(7) The balance in the National Fund shall be non-lapsable and get interest as per the rate declared by the Central Government on year to year basis. Establishment of State Fund.
Section 3, Compensatory Afforestation Act, 2016 (Act 38 of 2016).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 3
How do I find court cases under Section 3 of the Compensatory Afforestation Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Compensatory Afforestation Act 3, section 3 Compensatory Afforestation Act, section 3 of the Compensatory Afforestation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 3 of the Compensatory Afforestation Act, and has it changed?
3 other provisions in this corpus refer back to it.
When was the Compensatory Afforestation Act enacted?
Compensatory Afforestation Act was enacted in 2016 as Act 38 of 2016. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/1ae78168-b642-43e2-baae-ca3b917e367f.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/0941b4d2-d6d0-4b38-847d-84bd245bdf72/content). This page is not a substitute for legal advice.