(1) No expenditure from the Market Committee Fund or from the Market Board fund and Market Development Fund, as the case may be, shall be incurred unless –
(a) the expenditure is sanctioned by an order of the authority competent to sanction such expenditure; and
(b) sufficient funds have been provided for such expenditure in the Budget for the year or by re-appropriation of funds;
(2) No expenditure shall be sanctioned by the market committee or Board, as the case may be, unless a certificate in the following form has been furnished in respect thereof – FORM OF CERTIFICATE Rs. p The amount of the Budget allotment The amount spent under this head upto date The amount sanctioned upto date but not spent The amount to be sanctioned now Total The balance remaining