(1)
There shall be constituted a Fund to be called the Central Electricity Regulatory Commission Fund and there shall be credited thereto–
(2)
The Fund shall be applied for meeting–
(3)
The Central Government may, in consultation with the Comptroller and Auditor-General of India, prescribe the manner of applying the Fund for meeting the expenses specified in clause (b) or clause (c) of sub-section (2).