Policy Circulars 2004 - yashada

YASHADA POLICY CIRCULAR
Policy Circular No: Admin/Pur/2003 –04/002
Dated: 23/01/2004
Empowered Authority:
Subject:
Circulated
Information to:
for
Director General, YASHADA
Purchase and Expenditure Committee All Faculty &
Staff. YASHADA
1. Orders regarding for Formation of Computer purchase
Committee No. CIT/YASHADA dated 7/212003
2. Office Order No. 2003-04/PUR- YPC dt.17/11/2003
3. PC/2003-04/PURJOOI dt. 24/11/2003
4. Decision at Sr. No. 14 of administration & Accounts
etc. Departments, review meeting dated 16/1/2004
During the course of last one year various orders regarding purchase procedures were
issued During the meeting referred at Read 4 above, review of these orders were carried
out. Associate Professor Shri, S. E. Jadhav has been asked to perform the duties of
financial advisor. Due to these developments it is found necessary to streamline the
procedure of purchases & expenditure, incurred from YASHADA fund, YASHADA
Corpus & various project accounts.
2. Scope
The Purchase & Expenditure Committee will conduct business for following purpose,
2.1 Any purchase/spending-involving any expenditure beyond Rs. 5000/-
2.2 Appointment of Agency, Consultancy, Service Providers, Project involving
expenditure more than Rs. 5000/-
3. Constitution of Purchase & Expenditure Committee
1 Financial Advisor, Chairman
2 Head of respective Department/ Centre or his/her representative for whom
expenditure is to be incurred. - Member
3 Accounts Officer - Member
4 Technical Experts of relevant subject - Invitee member
5 Registrar - Member Secretary
4. Frequency of Meeting:
Once a week.
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