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State Act

38

Section 38. Power to write off losses.

The Dadra and Nagar Haveli and Daman and Diu Khadi and Village Industries Board Act, 1965 (No. 9 of 1965)The Goa, Daman and Diu Khadi and Village Industries Board Act, 1965

Act no. 9 of 19651965In forceDadra and Nagar Haveli and Daman and Diu (State Act)

38. Power to write off losses. — The Board shall be competent to write off losses upto Rs. 500/- in individual cases and not exceeding Rs. 5,000/- in the aggregate in any financial year in cases falling under any or all of the following categories: (a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other causes; (b) loss of irrecoverable advance other than loans; and (c) deficiency and depreciation in the value of stores.

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