(1) Save as otherwise provided in this Act no payment shall be made by the State Bank of India out of the Municipal Fund except on a cheque signed by both—
(a) the Chief Accountant or an officer subordinate to him authorised by the standing Committee in this behalf; and
1[(b) the Commissioner or a Deputy Commissioner or an officer subordinate to the Commissioner authorised by the Standing Committee in this behalf.]
(2) Payment of any sum due by 2[3[the Corporation]] in excess of one hundred rupees shall be made by means of a cheque signed in accordance with sub-section (1) and not in any other way.
(3) Payments not covered by sub-section (2) may be made in cash.
Footnotes in the official text
- 1.Subs. by Act 67 of 1993, s. 74, for clause (b) (w.e.f. 1-10-1993).
- 2.Omitted by Act 67 of 1993, s. 72 (w.e.f. 1-10-1993).
- 3.Subs. by Delhi Act 12 of 2011, s. 13, for “the Municipal Fund of Delhi (hereinafter in this Act referred to as “the Municipal Fund”)” (w.e.f. 13-1-2012).