Amendment status not verified — confirm the current text below against the official source.
Subs. by section 4 of U.P. Act No. 4 of 1999. [The Uttar Pradesh Krishi Utpadan Mandi Act, 1964] [Section 26R-26V] Subvention to the Board 26-R The State Government may, after due appropriation by law of the State Legislature, from time to time make subventions to the Board for the purposes of this Act, on such terms and conditions as the State Government may determine. Loans to the Board 26-S The State Government may from time to time advance loans to the Board on such terms and conditions, not inconsistent with the provisions of this Act, as the State Government may determine. Power of Board to borrow 26-T (1) The Board may from time to time, with the previous sanction of the State Government and subject to the provisions of this Act and to such conditions as the State Government may by general or special order determine, borrow any sum 103 required for the purposes of this Act, whether by the issue of bonds or stock or otherwise or by making, arrangement with bankers. (2) The Board may not to any time have on loan under sub-section (1) a part from the amount of loans from the State Government, an amount exceeding such amount as the State Government may, from time to time, fix in that behalf. (3) Stock issued by the Board under this section shall be issued, transferred, dealt with and redeemed in such manner as the State Government may by general or special order direct. Priorities of liabilities of the Board 26-U The revenues of the Board shall, after meeting its expenses, be a plied, as far as they are available, in the following order; namely- (1) the repayment of principal amount of and interest on bonds not guaranteed by the State Government; (2) the repayment of principal amount of and interest on stock not guaranteed by the State Government; (3) the repayment of principal amount of and interest on bonds guaranteed by the State Government; (4) the repayment of principal amount of and interest on stock so guaranteed (5) the repayment of principal amount of and interest on sums paid by the State Government under guarantees, if any; (6) the repayment of principal amount of and interest on loans advanced to the Board by the State Government including arrears of such interest. Account and Audit 26-V (1) The Board shall before the commencement of and may at any time during a financial year, prepare a statement or a supplementary statement, as the case may be, of programmes of its activities during that year as well as financial estimates in respect thereof and submit them to the State Government, in such manner and by such dates as it may by general or special order direct, for its previous approval. [The Uttar Pradesh Krishi Utpadan Mandi Act, 1964] [Section 26W-26X] (2) The Board shall cause to be 'maintained proper books of account and other books in relation to its accounts and prepare the annual balance-sheet. (3) The accounts of the Board shall be audited by such auditor as the State Government may by general or special order direct, and the auditor so appointed shall have power of requiring the production of documents and the furnishing of information respecting all matters. (4) The accounts .of the Board as certified by the auditor, together with the audit report thereon shall be forwarded annually to the State Government who may issue such directions to the Board in respect thereof as it may deem fit, and the 104 Board shall comply with such directions. (5) The State Government shall- (a) cause the accounts of the Board, together with the audit report there on, received by it under sub-section (4) to be laid annually before each House of the State Legislature; and (b) cause the accounts of the Board to be published in such manner as it thinks fit. Surcharge 26-W (1) The Chairman and other members, officers and servants of the Board shall be liable to surcharge for the loss, waste or misapplication of any money or propriety, of, the Board, if such less, waste or misapplication is direct consequence of his neg1ect or misconduct while acting as such Chairman or-other member officer or servant. (2) The procedure of surcharge shall be such as may be prescribed. (3) Any amount found to be involved in such loss, waste or misapplication as a result of proceedings for surcharge shall be recoverable as arrears of land revenue, and no suit may be instituted in any civil court for the recovery of any such amount. (4) Nothing in sub-section (3) shall prevent the Board from de ducting any amount referred to therein from any sum payable by the Board on account if remuneration or otherwise to such Chairman or other member, officer or servant. Regulation 26-X (1) The Board may, with the previous approval of the State Government, make regulations, not inconsistent with this Act and rules made thereunder, for the administration of the affairs of the Board. (2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matter; namely-- (a) the summoning and holding of meetings of the Board, the time and place where such meetings are to be held, the conduct of business at such meetings and the number of persons necessary to form a quorum thereat; (b) the powers and duties of the officers and other employees of the Board ; (c) the salaries and allowances and other conditions of service of officers and other employees of the Board and or officers referred to in sub- section (2) of section 23 ; [The Uttar Pradesh Krishi Utpadan Mandi Act, 1964] [Section 27-28] (d) the management of the property of the Board; (e) the execution of contracts and assurances of property on behalf of the Board: (f) the maintenance of accounts and the preparation of balance-sheet by the Board; (g) the procedure for carrying out the functions of the Board under this 105 Act; (h) any other matter for which provision is to be or may be made in regulations. (3) Until any regulations are made by the Board under sub- section (I), any regulations which may be so made by it may be made by the State Government, and any regulations so made may be altered or rescinded by the Board in exercise of its power under sub-section (1).]1 External Control [27. (1) Subject to the provisions of this Act, the general superintendence, direction and control over the Committee, its Chairman, Vice-Chairman and other members, its Secretary and Zother officers referred to in sub-section (2) of section 23, shall be vested in the Board.]2 (2) [The Board or the Director]2 is may inspect, or cause to be inspected, all document or records relating to the affairs of the Committee and, require the Committee, its Chairman, Vice-Chairman, members, officers or servants to furnish such information or material as he may consider necessary . (3) On receipt of a complaint in respect of an act relating to the affairs of the Committee, the Sate Government may require the Director to conduct enquiry or institute proceeding against the Committee, its Chairman, Vice-Chairman, member Secretary, or officer, and the Director shall act accordingly. Act no. 5 of 1908 (4) The Director shall, or the purpose of holding any enquiry under this Act, have the same powers as are vested in a Civil Court under the Code of Civil Procedure, 1908, when trying a suit; in respect of the following matter, namely- (a) summoning and enforcing the attendance of any person and examining him on oath; (b) requiring the discovery and production of documents; and (c) any other matters which may be prescribed. Power of the Board to remove a member of the committee