313. Management and disbursement of Scholars Fund.
- For proper management and the disbursement of the funds mention in article above, each High/ Higher Secondary School should have a Central Committee consisting of (i) the Headmaster/Principal; (2) teachers' incharge of each of the items (i), (ii), (iii) and (iv) mentioned in the first paragraph in the above article; (3) students' secretaries for each of items mentioned in (2) above and (4) general students' secretary. The money will be deposited in the Savings Bank account in the joint name of Headmaster/Principal and another member of the Central Committee. The Headmaster/Principal should not spend any amount more than Rs. 10 (Rupees ten) without the approval of the Central Committee. The teacher and students' secretary for each item will submit a budget to the Central Committee for approval. There should be no committee for the fund relating to examination fee. It should be administered entirely by the Headmaster/Principal who may take the help of such teachers as he likes. No student should be associated with this fund.(D. P. I.'s letter no. 59, dated the 9th January 1956.)
