Question

Define Substantially Financed?

Answer 1

Hint: A body can be generously financed, straightforwardly or in a roundabout way by reserves given by the suitable Government. The articulation "considerably financed", accordingly, has not been characterized under the Act. "Considerable" signifies "in a generous way in order to be significant.

Complete answer:
As indicated by Section 14(1) of CAG Act-1971, when the advance or award by the public authority to a body/authority isn't as much as Rs 25 lakhs and the measure of such advance or award isn't under 75% of the complete use of that body/authority, at that point such body/authority will be considered to be considerably financed by such awards/credits. Direct financing could be via money awards, repayment of costs, and so on, and circuitous subsidizing could be gathering the costs straightforwardly or in kind.
The words "substantially financed" have been utilized in Sections 2(h)(d)(i) and (ii), while characterizing the articulation public authority just as in Section 2(a) of the Act, while characterizing the articulation "proper Government". A body can be considerably financed, straightforwardly, or in a roundabout way by reserves gave by the fitting Government. The articulation "significantly financed", all things considered, has not been characterized under the Act.
"Considerable" signifies "in a generous way in order to be significant". "Substantial" in a real sense implies strong, monstrous and so forth Governing body has utilized the articulation "considerably financed" in Sections 2(h)(d)(i) and (ii) showing that the level of financing should be real, existing, positive and genuine to a generous degree, not moderate, common, average and so forth.

Note: In other words much the same as a body possessed or body substantially financed by the suitable government, the control of the body by the proper government would likewise be generous and not just administrative or administrative.