______________________________________________________________________ Sr. Nature of Powers Powers to Event of delegation of No. whom powers delegated.
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1. 2. 3. 4.
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1. Non -recurring Managing Director Upto Rs.15,000/- at a Time Financial Controller Upto Rs.1500/- at a Time
2. Recurring Managing Director Upto Rs. 5000/-per month Financial Controller Upto Rs.500/-per month ______________________________________________________________________
7. Write Off._ In case of loss of any property, stores etc. of the Corporation no due to theft, fraud or neglect but stores rendered absolute, un-serviceable or surplus, the Managing Director may authorise the write off on book
8. Transaction _ Cash/Bank and Cheques :
(a) Cash Book and Daily Cash Tally. - All cash and bank transactions will be recorded in the Cash Book on the date of the transaction strictly in chronological order. The cash in hand will be :-
(i) Counted and tallied daily at the end of the day with the balance as per the Cash Book, by the Financial Controller :
(ii) on the first of the month, and thereafter once a month surprised check by the Managing Director. The results of the checking will be recorded in the Cash Book.