(i) Funds placed at the disposal of the Council by the patron of the College/together with any donations raised by the members of the Council with the permission of the Patron shall constitute the funds of the Council.
The Teacher-in-charge shall draw out the fund, money sanctioned by the Council and shall have direct control over it.
Whenever any amount is paid to the President or any member of the Council authorized to receive the amount, the account shall be rendered to the Secretary who shall countersign the vouchers, maintain the accounts of the Council and submit the account with the complete set of vouchers to the Teacher-in-charge within a week.
(iii) The Teacher-in-charge of the Council/Society, as the case may be and the office bearers of the Council/Society shall be responsible for appropriate untilization of the allotted amount.
(v) Transparency shall be maintained in the accounts of the Students' Council/Society.
Every member of the Council/Society shall have the right to see and check the accounts of the Council/Society to which he or she is a member.