Book Title: Minority Benefits
Author(s): Babita Jain
Publisher: Shrut Samvardhan Samsthan

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Page 202
________________ 5. 6. 7. 47 that the organization will also execute a Bond on Non-Judicial Stamp Paper ofRs.20 in favour of the President of India to the effect that it will abide by terms and conditions attached to the grant and the scheme that revised from time to time and that in case of its failure to abide by the same, it will refund to the Government the total Grant-inaid sanctioned to it for the purpose with interest accrued thereon and shall be liable for criminal action as per law: that the Ministry shall not be liable for any kind of payment to the temporary/regular employees appointed by the organization for running the project; that the organization shall maintain a separate account in a nationalized/scheduled Bank in respect of this grant. All receipts and payments involving Rs. 10,000/- and above of the grantee institution must be through cheques or electronic transfer. only. The grantee institutions are required to submit at the time of seeking grant for continuation of the project, a copy of the bank pass book indicating all transactions made in connection with the running of the sanctioned project. The accounts will remain open for inspection by representatives/officers from the Ministry, office of Comptroller and Auditor General of India, Government of India, or concerned State Government at any time. The organization shall have the accounts of the grant-inaid audited either by CAG empanelled Auditors or Chartered Accountant and supply a copy of the following audited accounts, together with Utilization Certificate in GFR 19(A), to the Ministry latest by first week of June month every year: (a) the receipt and payment account of grant-in-aid in question for the year: (b) the income and expenditure accounts of grant-in-aid in question for the year; (c) the balance sheet, indicating assets and liabilities from grant-in-aid in question; (d) the utilization certificate in prescribed format (GFR-19A) as per General Financial Rules along with the item-wise break-up: (e) the audited accounts of the organization as a whole for the year. the organization shall submit performance-cum-achievement report as prescribed by the Ministry for which it received Grant-in-aid; 8. that the facilities to be extended with the help of the Grant-in-aid will be available for the welfare of all minorities irrespective of creed, religion, colour, etc.; 9. the organization will not obtain grant for the same purpose/project from any other source, including the Government sources. In case, it receives grant for the same project from other sources also, the same will be intimated to Ministry of Minority Affairs immediately after receipt with proper reference; 10. the organization will not divert Grant-in-aid or entrust the execution of the project for which Grant-in-aid is sanctioned, to another organization or institution; 11. that if the Government is not satisfied with the progress of the project or considers that the guidelines of the scheme, terms &conditions of the sanction etc., are being ity Benefits 191

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