Law Maker

CHAPTER VII REVENUE AND EXPENDITURE · The Municipal Fund

Section 99: Constitution of the Municipal Fund

The Delhi Municipal Corporation Act, 1957

How current this text is

Text as published by India Code (Legislative Department, Ministry of Law and Justice), as on 15 May 2026, with amendments up to the Jan Vishwas (Amendment of Provisions) Act, 2026 (8 of 2026).

(1) Save as otherwise provided in this Act,—

(a) all funds which immediately before the establishment of 1[2[the Corporation]] vested in any body or local authority specified in the Second Schedule;

(b) all moneys received by or on behalf of 3[4[the Corporation]] under the provisions of this Act or of any other law for the time being in force, or under any contract;

(c) all proceeds of the disposal of property by, or on behalf of, 3[4[the Corporation]];

(d) all rents accruing from any property of 3[4[the Corporation]];

(e) all moneys raised by any tax, rate or cess levied for the purposes of this Act;

(f) all fees collected and all fines levied under this Act or under any rule, regulation or bye-law made thereunder;

(g) all moneys received by or on behalf of 3[4[the Corporation]] from the Government or any individual or association of individuals by way of grant or gift or deposit;

3* * * * *

(i) all interests and profits arising from any investment of, or from any transaction in connection with, any money belonging to the Corporation, including loans advanced under this Act; and

(j) all moneys received by or on behalf of 3[4[the Corporation]] from any other source whatsoever,

shall form one Fund to be entitled 4[by the name of the area of 3[4[the Corporation]] as specified by the Government under sub-section (1A) of section 3 (hereinafter in this Act referred to as the Municipal Fund”)].

5[(2) The Municipal Fund shall be held by 3[4[the Corporation]] in trust for the purposes of this Act subject to the provisions herein contained and a General Account relating to all moneys received by or on behalf of 3[4[the Corporation]] shall be maintained.]

Footnotes in the official text

  1. 1.Subs. by Delhi Act 12 of 2011, s. 2 “the Corporation” (w.e.f. 13-1-2012).
  2. 2.Subs. by Act 10 of 2022, s. 2, for “a Corporation” (w.e.f. 22-5-2022).
  3. 3.Omitted by Act 67 of 1993, s. 72 (w.e.f. 1-10-1993).
  4. 4.Subs. by Delhi Act 12 of 2011, s. 13, for “the Municipal Fund of Delhi (hereinafter in this Act referred to as “the Municipal Fund”)” (w.e.f. 13-1-2012).
  5. 5.Subs. by Act 67 of 1993, s. 72, for sub-section (2) (w.e.f. 1-10-1993).