Section 101:
Operation of the Accounts.
(1) Save as otherwise provided in this Act no payment shall be
made by the State Bank of India out of the Municipal Fund except on a cheque signed by both--
(a) the Chief Accountant or an officer subordinate to him authorised by the standing Committee
in this behalf; and
1
(b) the Commissioner or a Deputy Commissioner or an officer subordinate to the Commissioner
authorised by the Standing Committee in this behalf.]
(2) Payment of any sum due by 2[3[the Corporation]] in excess of one hundred rupees shall be made by
means of a cheque signed in accordance with sub-section (1) and not in any other way.
(3) Payments hot covered by sub-section (2) may be made in cash.
Notes:
1. Subs. by s. 74, ibid., for clause (b) (w.e.f. 1-10-1993).
2. Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012).
3. Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).