(1) The Board may, after prior consultation with the Financial Adviser and Chief Accounts Officer to the Board, write off losses upto one thousand rupees in individual cases falling und&r any or all of the following categories, namely: —
(a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other cause;
(b) loss of irrecoverable advance other than loans; and
(c) deficiency and depreciation in the value of stores.
(2) The Board shall take suitable act'on against the persons responsible for the loss and shall also send to the Administrator a detailed report together with the action taken against the persons, if any, responsible for the loss.
Explanation Nothing contained in this Regulation shall apply to losses occasioned by irrecoverable loans and losses exceeding one thousand rupees in each individual case and sanction of the Administrator shall be obtained before such losses a^e written off.
37. The Board may, by general or special order in writing,-delegate to any member or officer of the Board or »ny other person, subject to such conditions and limitations, if any, as may be specified in the order, such of its powers and functions under this Regulation, (except the powers under section 38) as it may deem necessary."