Section 35: Power to write off losses

(1) The Commission may, after prior consultation with the Financial Adviser, write off losses up to Rs.20,000 falling under category(a) and Rs. 10,000for categories (b) and (c) below,-

(a) irrecoverable losses of stores or of public money due to theft, fraud or negligence;

(b) loss of revenue Or irrecoverable loans and advances; and

(c) deficiencies and depreciation in the value of stores.

(2) The Commission shall take suitable action against the persons responsible for the loss and shall also send to the Government a detailed report together with the action taken against the persons, if any, responsible for the loss. The cases involving losses not exceeding Rs.5, 000 shall not be reported to the Government unless there are in any case important features whichmerit detailed investigation and consideration.

Exception: Nothing contained in this rule shall apply to losses occasioned by irrecoverable loans. Sanction of the Government shall be obtained before such losses arewritten off.

(3) The Commission, the Chief Executive Officer and any other officer duly authorised by the Commission may, after prior consultation 'with the Financial Adviser, write off losses up to an amount indicated below against each falling under any or all of the categories mentioned under sub-rule (1) above -

(a)

(b)

(c) Commission Chief Executive Officer .:

Any other officer, not below the rank of a Deputy Chief Executive Officer Up to Rs. 20,000 Up to Rs. 10,000 1;p to Rs.5,000