(1)* Subject to the provisions of this sub-rule, all moneys belonging to the Corporation shall be deposited to the account of the Corporation in the Reserve Bank of India or, the State Bank of India or any subsidiary of the State Bank of India, subject to the sub-rules below, in such scheduled nationalised bank or Co-opreative Bank, as may be approved for this purpose by the State Government:
Provided that Current Saving Account may be opened with the Reserve Bank of India or its subsidiaries, the nationalised Banks or Co-operative Banks but the cash in such accounts should not exceed such amount as may be fixed from time to time by the Executive Committee.
(2)* All payment except those made to the employees of the Corporation in respect of their salaries and allowances, by or on behalf of the Corporation shall be made by cheques except for amount not exceeding Rs. 500/-, which may be made in cash from the amount of imprest sanctioned for such purposes.
(3)* Such cheques and all orders for making deposits or investments or for the withdrawal of the amounts from the Banks 11 * Renumbered Vide Rajasthan Gazette Notification dated 22-04-2010.
and P.D. Accounts, the officers of the Corporation may be authorised to operate the accounts as below:
(i) Upto Rs. 10,000/- Financial Adviser* (Accounts officeror Assistant Accounts officer in absence of Financial Adviser)*.
And Secretary (Deputy Director Administration) OR Deputy Director (Plan & Business)
(ii) Above Rs. 10,000/- Managing Director, (Secretary in absence of Managing Director and in absence of both Managing Director and Secretary ; Deputy Director (Plan & Business.)
And Financial Adviser* (Accounts Officer in absence of Financial Adviser*).
(Substituted vide Rajasthan Gazette Notification dated 24-2-85) 12 *Amended Vide Rajasthan Gazette Notification dated 22-04-2010.
(4)* No payment shall be made out of the accounts of the Corporation unless the expenditure is covered by the financial estimates referred to in section 26 of the Act;
**Provided, that the Executive Committee of the Corporation may, in its discretion, authorise expenditure in anticipation of such estimates. The statement of expenditure so incurred shall be submitted to the Board at its next meeting:
Provided further that reappropriation from one head of expenditure to another or from a provision made for one scheme to that of another may be made as under :
Chairman Managing Director from one group head to another Within group heads noted below:
there group head noted below:
(a) Headquarter (a) Headquarter
(i) Capital (i) Capital
(ii) Non-recurring (ii) Non-recurring
(iii) Recurring (iii) Recurring
(b) Field Staff (b) Field Staff
(i) Non-recurring (i) Non-recurring
(ii) Recurring (ii) Recurring The reappropriation will be subject to the condition that reappropriation from Capital or non-recurring to recurring will require the sanction of the Executive Committee.
13 * Remembered Vide Rajasthan Gazette Notification dated 22-04-2010.
**Amended Vide Rajasthan Gazette Notification dated 22-04-2010.
(5)* All monetary transactions shall be entered in the Cash -Book as soon as they occur and shall be attested by an officer of the Corporation duly authorised in this behalf. The Cash-Book shall be closed daily and completely checked by the Managing Director or the officer authorised by him in this behalf **not below the rank of Assistant Accounts Officer. At the end of each month, the Managing Director or the Officer so authorised shall verify the cash in hand and record a signed and dated certificated to that effect.
(6)* All payment by the Corporation shall be made on bills or other documents duly prepared and passed by the Managing Director or other officer authorised in this behalf** not below the rank of Assistant Accounts Officer. The paid vouchers shall be stamped "Paid" or so cancelled that they cannot be used a second time. They should than be kept serially numbered and produced at the time of audit.