There shall be constituted a Fund to be called the Securities and Exchange Board of India General Fund and there shall be credited thereto--
all grants, fees and charges received by the Board under this Act; 3[
4[ all sums realised by way of penalties under this Act; and
all sums received by the Board from such other sources as may be decided upon by the Central Government.
The Fund shall be applied for meeting--
the salaries, allowances and other remuneration of the members, officers and other employees of the Board;
the expenses of the Board in the discharge of its functions under section 11;
the expenses on objects and for purposes authorised by this Act.