(1)
On and from the commencement of the Indian Telegraph (Amendment) Act, 2003, there shall be deemed to have been established, for the purposes of this Act, a Fund to be called the Universal Service Obligation Fund.
(2)
The Fund shall be under the control of the Central Government and there shall be credited thereto
- any sums of money paid under section 9-B;
- any grants and loans made by the Central Government under section 9-C.
(3)
The balance to the credit of the Fund shall not lapse at the end of the financial year.