Section 98 in The Jammu and Kashmir Panchayati Raj Rules, 1996
98. Maintenance and verification of stock book.
(1)A stock book shall be maintained in Form 13 for all stores e.g. postage stamps, material for public work and forms used by the Panchayat, tools and plants, oils, wicks, chimneys, books and all other equipment. All entries shall be recorded by the Secretary and initialled by the Sarpanch.The stock shall be verified once in every three months by such persons as the Sarpanch may direct and the fact of verification shall be recorded.(2)The stock of all stores of Halqa Panchayat shall also be verified once in a year by any person nominated by Sarpanch who shall certify the present position of each article of the store in the stock book maintained by Halqa Panchayat and make out a list of all unserviceable articles indicating date of purchase of each article and the cost thereof and submit to the Sarpanch for action.
