TheCouncil shall have an account in the local branch of any one ofthe nationalized banks e.g. State Bank oflndia, Central Bankoflndia, United Bankoflndia etc. All funds of theCouncil shall be deposited into the Council account with the Bank.
(2) Operation CouncilAccount : -Withdrawal ofmoney from theCouncil Account shall be by means of chequesjointly signed by thePresident and Registrar. TheRegistrar is theDrawing andDisbursing Officer. The cheque book shall remain in the personal custody of the Registrar or with theAssistant dealing cash.
(3) Incomeof theCouncil: The income of the Council shall consist of-
(a) registration fees, fees for renewal, etc. received from the practitioners;
(b) grants received from the Government; and
(c) any other sums raised by the Council.
(4) Expenditure of the Council :- It shall be competent for the Council to incur expenditure for the following purposes, namely.
(a) Salaries and allowances of the Registrar and the staffmaintained by the Council.
(b) Fees and allowance paid to the members of the Council and of the ExecutiveCommittee.
(c) Such other expenses as are necessary for its own maintenance and performing the functions under the Act.
(5) Sanctioning Power of the Registrar :- The Registrar shall have power to sanction expenditure on miscellaneous items of contingent nature up to an amount not exceeding to Rs.25,000/- (Rupees twenty five thousand) at a time and Rs.2,00,000/-(Rupees two lakh) in a year. Expenditure in excess of that amount shall require the sanction of the President. A permanent advance of Rs.25,000/ (Rupees twenty five thousand) shall be made to the Registrar.
TheArunachal Pradesh Extraordinary Gazette, February 12, 2007 5
(6) AccountBookMaintenance:- The following account Registers of the Council shall bemaintained:
(a) Cash Book.
(b)
(c)
(d)
(e)
(f)
(g) Any other Register as may be necessary.
(7) Account Audit-The Accounts of the Council shall be audited annually by the State Government authorities or theCouncil may appoint aCharteredAccountant for thepurposes. Any such expenditure incurred in connection with such Audit shall be payable by the Council.
PART-VII PREPARATION & MAINTENANCE OF REGISTRATION IN THE REGISTER