GENERAL PRINCIPLES - Shivaji University

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to the effect that he is the sole legal heir to the estate of the deceased. In
case there are more heirs than one, the certificate shall state that the claimants
are the only legal heirs to the estate of the deceased.
1.78 When the actual cash to be deposited or brought from the Bank is upto Rs.1,00,000/
- , the Assistant Cashier and where there is no post of Asst. Cashier, a responsible
person shall accompany the Peon.
1.79 When the actual cash to be deposited or brought from the Bank is more than
Rs.1,00,000/- the Cashier and where there is no post of Cashier, a responsible
person shall also take a watchman to the Bank in addition to the Peon. In the
absence of a Watchman, the services of the Hawaldar may be utilised.
1.80 When the actual cash to be deposited or brought from the Bank, outside the
University Campus, is over Rs.5,00,000/- the Cashier shall also accompany the
Cashier/ responsible person, the Watchman and the Peon.
1.81 A transit insurance for the transactions mentioned in Para 1.79, 1.80, 1.81 shall
be obligatory.
1.82 Office vehicle shall be provided to the Clerk/Peon, for carrying cash from bank,
outside the University campus, when the actual cash to be carried is Rs.1,00,000/
- and above.
1.83 Whenever any embezzlement or misappropriation of the University monies or
other valuables, or loss of money or stores etc., by theft, negligence or other wise
is discovered, inquiry shall be made at once by the Registrar or any other officer
duly authorised in this behalf and the fact of embezzlement, misappropriation or
loss shall be immediately reported by him to the Vice-Chancellor. When the matter
has been fully inquired into, the Registrar/concerned officer shall send a complete
report to the Vice-Chancellor showing the total sum of money or value of stores
etc., misappropriated or lost, the manner in which the misappropriation was effected
or the loss occurred and the steps taken to recover the money or to punish the
offenders and to prevent the recurrence of similar embezzlements or losses in
future.
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