Payment of Final Installment of non-salary grant: (Rule 94.2 & 94.3) SS CODE
CHAPTER IV
GRANTS-IN-AID
SECTION I
SALARY/NON-SALARY GRANT
Payment of Final Installment
of non-salary grant:
94.2. The final installment
of non-salary grant due in a year shall not be paid until a copy of the audited
statement of accounts of the previous year has been submitted.
94.3. When the accounts
of recognized institutions in receipt of grant-in-aid from government are
audited by registered accountants/chartered accountants, one copy of the
audited statement of accounts together with the audit report thereon should be
forwarded by the school concerned every year to the accountant general, Mah. I,
Bombay-the accountant general, Mah. II, Nagpur. The accountants together with
all the relevant papers of the institutions receiving aid from government shall
be open to check by the audit office of the accountant general, Mah. I, Bombay.
The accountant general, Mah. II, Nagpur at his discretion at any time. The
school concerned should also forward every year a copy of each of the audited
statement of accountant together with the audit report thereon to the director
and to the appropriate authority.
(G.R.,E. and Y.S.D. No.
GAC. 1077/406 XXX-XXXVII, dated 29th July 1977).
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