(I) Bank accounts shall be opened in the name of the Board in any scheduled Bank and such accounts shall be operated by the following authorities upto the limits as shown against them :
1. Chairman Full Powers.
2. Member-Secretary Upto Rs. 1.00/- (Rs. One Lakhs)' in one transaction Upto Rs. 10,000/- (Rs. Ten Thousand) in the absence of Member Secretary in one transaction:
Provided that the Chairman may delegate his power to Member Secretary, or any other officer to sign the cheques for amounts exceeding Rs.
50.000/- (Rs. Fifty Thousand) in the event of his absence.
(2) Cheques draw'n in favour of the Board shall be endorsed by the Chairman or the Member-Secretary.
(3) The Member-Secretary may at any time retain in his hand a sum not
3. Chief Scientific Officer/ Chief Engineer/Finance Officer LAs amended "ide notification No. F-5- I 14/32/91. dated 12-8-97.
Water (Prevention & Control of Pollution) Madhya Pradesh, Rules 1975 Madhya Pradesh Pollution Control Board, Bhopal exceeding Rs. One thousand to meet current expenditure of an urgent nature.
27. Maintenance of Cash Book :
(I) The Cash Book shall be maintained by the Member-Secretary.
(2) The Member-Secretary shall immediately bring into account in the Cash Book all moneys received and spent by the Board.