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GENERAL PRINCIPLES - Shivaji University

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book value of the material shall be adopted as basis for this purpose. The articles<br />

of stock shall be physically verified by the <strong>University</strong> Engineer on 1st July, every<br />

year and shall be agreed with the ledger. A certificate in this respect indicating<br />

shortages or surpluses noticed, if any, shall be furnished to the Registrar and<br />

stores verification section, by 15th July.<br />

5.59 Stores found surplus shall be credited at once and their value adjusted as revenue<br />

receipt. The value of deficit, however, shall not be adjusted till the deficit is<br />

investigated and orders of the competent authority obtained.<br />

5.60 The <strong>University</strong> Engineer shall also take stock of the surplus materials and the<br />

immediate action to transfer them to the stock account or to dispose them of<br />

otherwise, with the approval of the Vice-Chancellor.<br />

Immovable Property<br />

5.61 The <strong>University</strong> Engineer shall also maintain register of immovable properties in<br />

respect of all lands, buildings and other immovable property of the <strong>University</strong>. This<br />

register will show the cost of construction or acquisition, cost of subsequent<br />

additions and alterations other than repairs made from time to time. The value of<br />

land will be shown separately from the value of the building or buildings thereon,<br />

the value of each structure being shown separately. Certificate will be furnished<br />

by the <strong>University</strong> Engineer on 1st July every year, stating that the properties are<br />

in working order and are being used for the purpose for which they are intended.<br />

❏❏❏<br />

80<br />

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