Section 29 of BDA : Section 29: Budget, Accounts And Audit

BDA

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Explanation using Example

Imagine a scenario where the National Biodiversity Authority (NBA) receives funds to promote the conservation of biological diversity in India. As per Section 29(1) of The Biological Diversity Act, 2002, the NBA is required to prepare an annual budget and maintain proper accounts, including the records of the National Biodiversity Fund. For example, if the NBA allocates funds for a project to protect endangered plant species, it must record all financial transactions related to this project.

Following Section 29(2), these acco...

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