Extract from Punjab Govt. Gaz. (Extra) dated the 30th December , 1992) — The PESCO Act. 1978

'Extract from Punjab Govt. Gaz. (Extra) dated the 30th December , 1992) DEFENCE SERVICES WELFARE DEPARTMENT The 23rd December , 1992 No.520.AD.PESCO/53- In exercise of the powers conferred by section 31 of the Punjab Ex-Servicemen Corporation Act; 1978 (Punjab Act No. 33 of 1978) and with the prior approval of the State Government; the Punjab Ex-Servicemen Corporation hereby makes the following Regulations, namely THE PUNJAB EX-SERVICEMEN CORPORATION EXPENDITURE AND GENERAL) REGULATIONS, 1992 1_ (1) Short Title and Commencement:_ These Regulations shall be called "The Punjab Ex-Servicemen Corporation (Expenditure and General) Regulations, 1992" 2) They shall come into force from the date they are published in the official Gazette. Definitions. In these Regulations 2. (a) "The Act" means "The Punjab Ex-Servicemen Corporation Act, 1978 (Punjab Act No 33 of 1978)' "Board' means "the Board of Directors' constituted under section 7 (1) of the Act. (b) (c) "Corporation" means "The Punjab Ex-Servicemen Corporation" set up under Section 3(1) of the Act: "Financial Controller" means an officer authorized by the Board to exercise the powers of the Financial Controller. "Managing_Director" means a person appointed_under_section Z(2)_of the Act (d) (e) "Rules' mean the Rule made under Section 32(1) of the Act: (g "Year" means the financial year i.e the year ending 31st March: 3 Sanctioning Authority to satisfy itself regarding the reasonableness of claims. Before authorising any payment under any head of expenditure the authority empowered to do so will ensure that the bill or claim has been duly verified by the official incurring the expenditure. satisfy itself that the bill or claim is reasonable; in the case of bill or claim of any article of dead stock, stationery or stores, sa

'Extract from Punjab Govt. Gaz. (Extra) dated the 30th December , 1992)

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