Section 36P: Fund of AOB

36P. Fund of AOB.—(1) For the purposes of this Part, there is hereby est ablished, a fund to be managed and controlled by AOB in such form and manner as may be prescribed by regulations. (2) The fund under sub­section (1) shall consist of — (a) such sums as the Federal Government may from time to time grant; (b) voluntary contributions by the stakeholders; (c) grants of monies and sums raised or borrowed by AOB for the purposes of meeting any of its obligations or discharging any of its duties; (d) fee for registration of the audit firm under this section; (e) fee and charge from the public interest company required to be audited by a registered audit firm; (f) earnings from investments, properties or other assets owned by AOB; and (g) any other grant or donations or amount permitted by the Federal Government. (3) The fund shall be used for the purposes of AOB's own affairs and may also be utilized for the affairs of QAB.

Effective date: 1997-01-01

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