Amendment status not verified — confirm the current text below against the official source.
Every person shall be liable for the loss, waste or misapplication of any money or other property belonging to the Board if such loss, waste, or misapplication is a direct consequence of his neglect or misconduct while a member of the Board, and a suit for compensation may be instituted against him by the Board with the previous sanction of the Commissioner, or by the State Government. Explanation. - A grant-in-aid given to a school in contravention of rules made under this Act for the purposes of this section a misapplication of money belonging to the Board.