The disbursement will invariably be made by Account Payee cheques. However the grants to ex-servicemen organizations can be in kind.
10. Misuse of Grants --- The sponsoring Ex-servicemen Organ ization/lnstitution will be responsible in case misuse of grant is'reported. The whole grant will be recovered from tne ca ndidates/institutions depending upon the nature of case.
LT Power of Inspection -- i) Cha irman/Managing Director or any corporation,s nominee shall have the power to su pervise/inspect the object/record for which the grants are taken from the Corporation with a view to ensure proper utilization of grants for which it is granted.
The beneficiary shall afford all facilities to the Managing Director or his nominee for sucn inspections.
ii) The financial giant amount or installments tliereon must be utilized within two months from the date of disbursement of the grant. Any nominee of the corporation so assigneo may visit and conduct the verification and utilization of financial grant after the completion of two months period.
running in the State of Punjab to organizations providing pre-
Provided. that the Managing Director shall have the authority to extend such period in case of hardship to enable the beneficiary to make best use of the financial grant Siven to him subject to an extension of maximum of six months period from the date of disbursement of grant. The beneficiary shall furnish the proof in respect of the utilization of the grant and shall afford all facilities for inspection by the official of the Corporation in case where it is deemed necessary. The Managing Director shall have the discretion to get the utilization of the grant advanced verified through such officials of the Corporation as he may deem fit even after such proof is furnished to the Corporation.
I2. Power of interpretation --- In case of any dispute or doubt as to the provisions made in these Regulations or any other Regulation of the Corporation or the interpretation thereof, the Board shall have the final authority to interpret any such provision in so far as such an interoretation is not inconsistent with the act or the Rules made there under and this interpretation shall be final and binding.
13. Repeal :
The Punjab Ex-servicemen Corporation (Financial Grant) Regulations,2010 is hereby repealed.
KJS Cheema IAS Secretary, Department of Defence Services Welfare, Punjab PU\,lAu