Amendment status not verified — confirm the current text below against the official source.
Power to write off irrecoverable amount , etc.- A market committee or the Board write off any amount whatsoever due to it, whether under a contract or otherwise, or any sum payable in connection therewith, if in its opinion, such amount or sum is irrecoverable ; Provided that (a) the market committee shall obtain the previous sanction of - (i) the Director, in every case where the amount or sum to be written off exceeds five thousands rupees, but does not exceed ten thousand rupees; and (ii) the Government in every case where the amount or sum to be written off exceeds ten thousand rupees; 37 (b) the Board shall obtain the previous sanction of the Government in every case where the amount or sum to be written off exceeds twenty thousand rupees.