(i) When money is tendered at the office of the Board by a person and there is no objection to its acceptance, a receipt in Form No. I shall be given to the person making the payment duly signed by the Labour Welfare Commissioner or an officer authorized by him in this behalf, and the amount shall be brought to account at once in the cash-book in Form No.2.
Note.- (1) The receipt books shall contain foils in duplicate. All receipts issued in taken of money received shall be written in indelible pencil with the help of double-sided card, paper. The lower foil of the receipt (carbon copy) shall be give to the payer and the upper foil of receipt shall be retained-the receipt book.
(2) Duplicate copies of receipt shall not be issued in any case.
However. if necessity arises, a certificate of payment signed by the Labour Welfare Commissioner or an officer authorized by him in this behalf may be given.
(ii) When the money is received by means of cheque or demand draft. the Accounts Officer or such other officer as may be authorised by the Labour Welfare Commissioner shall cause an entry of the Cheque or demand draft, to be made in the register in Form No. 3 under his own signature and shall issue a letter to the person sending the cheque or demand draft, acknowledging receipt of the same stating therein that letter shall not be treated in any way as a receipt for the amount and formal receipt will follow after the encashment of the cheque or demand draft. When the cheque is honoured by the Bank, Collusions 7 to 10 of the register shall be filled in by the Accounts Officer or such other officer authorized by the Labour Welfare Commissioner and a receipt in Form No. 1 shall be issued to the payer giving the reference to the number and date of cheque therein and the amount shall be brought to account by making necessary entry in the cash-book.
(iii) All money payable to the Found shall be credited to the Bank or Banks approved by the State Government for the purpose and not utilized directly for the purpose. The entry of remittance of income to the bank shall be attested by the Accounts Officer daily in token of his having verified the remittance from the pay-inship of the Bank.
(iv) At the end of every calendar month the Labour Welfare Commissioner, or such other officer as may be authorized by the Labour Welfare Commissioner, shall obtain from the bank or banks a statement of the amounts deposited in and withdrawn form the fond during the month.
(v) The accounts of the Funds shall be operated upon by the Labour Welfare Commissioner or any other officer of the Board other than the Accounts Officer who may be authorized by the Labour Welfare Commissioner on his behalf.
(vi) The Labour Welfare Commissioner or an officer of the Board other than Accounts Officer authorized by him on his behalf shall draw cheques on Banks, maintaining the accounts of the Fund.
(vii) Any payment in excess of Rs. 100 shall be made by means of a cheque signed as aforesaid and not in any other way.