Section 44 in The M.P. Janpad Panchayats (Accounts) Rules, 1999
44. Security deposits from employees.
- Every employee of the Janpad Panchayat who is entrusted with the custody of cash or store shall furnish cither in cash or through a guarantee of a person acceptable to the Panchayat security of a Rs. 10,000/- provided that the guarantor shall be required to finish as solvency certificate of atleast four times the amount of security required to be given.
