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Purpose and manner of payment out of the fund | Company Vakil Legal Library

Employees’ State Insurance (Central) Rules, 1950

23. Purpose and manner of payment out of the fund

(1) The accounts of the Fund shall be operated on by such officers as may be authorised by the Standing Committee with the approval of the Corporation.

(2) No payment shall be made by the bank or banks out of the Fund except on a cheque signed by such officers as may be authorised under sub-rule (1).

(3) Any payment in excess of one hundred rupees shall be made by means of a cheque signed as aforesaid and not in any other way unless specifically authorised by the Standing Committee:

PROVIDED
that payment of salaries to the employees of the Corporation drawing a basic salary not exceeding rupees two hundred and fifty a month may be made in cash.

(4) No payment shall be made out of the Fund unless the expenditure is covered by a current budget grant:


PROVIDED

that in the absence of a current budget grant, the Corporation may authorise payments either generally or for any particular case:


PROVIDED FURTHER

that the payment of benefits to insured person under the provisions of the Act and of the pay and allowances of duly sanctioned posts shall not be withheld for want of a sanctioned budget grant.

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