(1) The Commission shall maintain bank accounts under lhree heads (Xhadi Fund Account, Village Industries Fund Account and General and Miscellaneous Fund Account )'in the Reserve Bank of India and its branches or with any other Nationalized !Bank or Scheduled Bank appi'Oved !Jy..S..QMnment. All moneys of the Commission with the exception of petty cash of funds kept at deposit in accordance. wi)h these regulations shall be paid inl!> th~ respective fund account.'
. (2) The Commission Jl'lay authoriu an;~ its~·~ main~ a sl!parate ~nt or savings accounts in any of the Banks referred in for d"PQ4iting funds placed at its disposal in coMection with the work of the Ct>mmissimt.
(3) The petty cash, reqUired for meeting current expenditure shaU"be in the custody of the Chief Executive Officer .or an officer nominated by hfu! in writlnjl. in this behalf. 'TI)e Comlllission may declde tile amoUnt of 'the petty cash thus maintain1:d from time to time:
· (4) The Chief Executive Officer may !ldvance as imprest SJI'IaU amounts of money not~ Rs. 5,000 in any one case to any of the officers for incurrin1: ~y expenditure within the powers delepted to them. The officea to whom such amounts are advanced shall M peiiiiiiinlly responslhle'fot tlie.ecurity-111'11f for mamtallliitg propel' account, m the form spr.cified by ~1e Commissiaft.