Amendment status not verified — confirm the current text below against the official source.
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. Secretariat, P. B. VENKATSUBRAMANIAN Panjim, Secretary to the Government of June 8, 1965. Goa, Daman and Diu. (Published in the Government Gazette Series I , No. 2 dated 10-06-1965) ______________ ___________________________________________________________________________________