(1)On and from the commencement of the Indian Telegraph (Amendment) Act, 2003 (8 of 2004), there shall be 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 t here shall be credited thereto—
(a)any sums of money paid under section 9B;
(b)any grants and loans made by the Central Government under section 9C.
(3)The balance to the credit of the Fund shall not lapse at the end of the financial year.