(1) The Board may authorise any of the officers of the Board to maintain a separate current account in the Banks under section 24 (3) of the Act for depositing funds placed at his disposal in connection with the work of the Board.
(2) In case of provincial offices the petty cash for the purposes not exceeding Rs. 100/- shall be in the custody of the Assistant Executive Officers.
KHADI AND INDUSTRIES BOARD REGULATIONS 13
(3) For day to day work of the departmental centres, an amount of Rs. 100/- shall be kept at the disposal of the concerned incharge of such centres as an imprest.
39. Maintenance of Accounts. ––(i) The Chief Accounts Officer shall maintain or cause to be maintained an account of receipts and expenditure of the Board in the form prescribed by the Government or Commission from time to time.
(ii) He shall also prepare or cause to be prepared such statements of accounts and records and subsidiary accounts as may be required by the Government or by the Board from time to time.
40. Financial Powers.–– The Board may delegate necessary financial powers to its officers for ensuring expeditious disposal of work and smooth and efficient functioning of the Organisation. The Board may make suitable rules in this behalf for the guidance of its staff in order to ensure that these powers are judiciously used by the officer concerned.
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