Sources of Income

The sources of funds for the NCCAA include, but are not limited to, the following:

• Membership Fees

Fees collected from members of the NCCAA.

• Grants and Donations

Contributions received from registered members.

• Event Fees

Fees for attending the Annual Event cum Reunion and other functions.

• Income from Investments

Earnings generated from NCCAA's investments

• Other Lawful Means

Any other income in a manner permitted by law and approved by the Governing Council.

Principle of Fund Management

Funds for the NCCAA will be received only at the NCCAA Head Office in Delhi. A separate account will be maintained and audited periodically to ensure transparency and accountability.

Limits of Incurring Expenditure

All expenditures from NCCAA funds shall be strictly in accordance with the annual budget approved by the Governing Council to further the aims and objectives of the association. Any unforeseen expenditure not covered in the budget shall adhere to the following financial limits:

• Treasurer's Authority

The Treasurer may incur contingent expenses up to Rs 2,500/- per transaction, subject to an annual limit of Rs 50,000/-.

• Secretary's Authority

The Secretary may incur contingent expenses up to Rs 5,000/- per transaction, subject to an annual limit of Rs 1,00,000/-.

• Executive Committee's Authority

The Executive Committee may approve expenditure up to Rs 5,00,000/- per transaction, subject to an annual limit of Rs 50,00,000/-.

• Revisions of Financial Limits

Any upward or downward revision of the financial limits for the Working Committee of State Directorate and the Executive Committee will require approval from the Governing Council.

• Funding for Events

Expenses for cultural and other functions shall, as far as possible, be covered by contributions from participants or revenue specifically raised for the occasion.