Section 27 in Tamil Nadu Farmers' Management of Irrigation Systems Rules, 2002
27. Accounts/Finance.
(1)The Farmers' Organisation shall open an account in a Nationalised Bank or Co-operative Bank or any Agricultural Co-operative Society in its name and shall be operated jointly by the President/Chairman and one of the Managing Committee member as nominated by the Managing Committee. The Farmers' Organisation shall maintain the cash book and accounts of expenditure with appropriate vouchers and receipts.(2)Every expenditure should be supported by a receipt or voucher, which shall be duly passed for payment by the President or any body, authorised by him.(3)All expenditure has to be approved by the Finance and Resources Sub-Committee at least once in a month.(4)Every Farmers' Organisation shall maintain accounts register. Each of the following record shall bear the name, address and the seal of the Farmers' Organisation and shall be machine numbered, namely: -(a)Cash Book;(b)Bill Registers;(c)Contingent Registers;(d)Amanath Register (Day Book);(e)Receipt Book; and(f)Cheque Register.
