Friday, April 26, 2013

Amendment to the Central Government Account (Receipts & Payments) Rules, 1983 regarding period of validity of cheque reduced to 3 months for all govt. transactions. Text of CGA's OM F.No.1(1)/2011/TA/248 Dated 23rd April 2013 reproduced below:-
Government of India
Ministry of Finance
Department of Expenditure
Controller General of Accounts
Lok Nayak Bhawan
Khan Market, New Delhi
Dated 23rd April, 2013
Subject: Amendment to the Central Government Accounts (Receipts and Payments) Rules, 1983
In exercise of the powers conferred by clause (i) of Article 283 of the Constitution, the President hereby makes the following amendment to the Central Government Account (Receipts and Payments) Rules, 1983:
Correction Slip No. 41

Rule 45 Period of validity of a cheque:

The following rule may be substituted for the existing rule:
"The Cheque shall be payable at any time within a period of three months from the date of issue; thus a cheque bearing the 20th January is payable any time upto the 19th April."
(Chandan Mishra Dwivedi)
Dy. Controller General of Accounts

No comments:

Post a Comment