The Central Motor Vehicles Rules,1989
Section 155. Deposit procedure
Inland insurance
(1) As soon as the fund is established, the bank shall send to the authority a statement specifying the assets held by it on behalf of the authority and shall also send a copy thereof to the Central Government in the Ministry of Surface Transport or the State Government concerned, as the case may be.
(2) The statement referred to in sub-rule (1) shall be sent in the same mariner and to the same authorities whenever there is a change in the assets of the authorities held by the bank.