Amendment status not verified — confirm the current text below against the official source.
Surcharge.-(1) The Chairman or the Managing Director or any other member, officer or employee of the Authority shall be liable to surcharge for the loss, waste or mis-application of di1Y money or property of the Authonty if such loss, waste, or mis-application is a direct consequence of his neglect or mis-conduct while actin& as such Chairman or Managing Director or other member or officer or employee . • (2) Procedure of surcharge under sub-sectwn (I) shall be such as may be prescribed. (3) Any amount found due from any person as surcharge und~..r sub-secuon (I J as a result of procecdmg>-for surcbargt: shall be recoverable as arrears of land revetlue. (4) Nothmg m sub-section (3) shall prevent the Authority from 'deducting any .1mount referred to thcrei.<1 ftom a11y sum payable by the Authonty on accou.1t of remuneratwn or oth.rwise to such Chairman or Managi'ng Director or other member, officer or emplojee, CHAPTER v TAXES, FEES AND CHARGES