(1)The Farmers' Organisation shall open an account in Nationalized Bank or a Co-operative Bank in its name and shall be operated jointly by the President and the Secretary. The Treasurer shall maintain the Cash Book and accounts of expenditure with appropriate vouchers and receipts.(2)Every expenditure shall be supported by a receipt or voucher, which shall be duly passed for payment by the President.(3)All expenditure has to be approved by the Finance Sub-committee/Executive Committee, at least once a month.(4)Every Farmers' Organisation shall maintain the following Registers-(a)Cash Book;(b)Bill Registers;(c)Receipt Books;(d)Asset Register;(e)Register of demand and collection of Water Rate;(f)Register of Landholders; and(g)Register for Repair and Maintenance of canal.Note - Each of them shall bear the name, address and the seal of the Farmers' Organisation and shall be machine numbered.
