101. Operation of the Accounts
(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
(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 [[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 hot covered by sub-section (2) may be made in cash.
Amendment notes (3)
- Subs w.e.f. 1-10-1993 . Subs. by s. 74, ibid., for clause (b) (w.e.f. 1-10-1993).
- Subs w.e.f. 13-1-2012 . Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012).
- Subs w.e.f. 22-5-2022 . Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).