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| College Bye Laws CHAPTER-22 |
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| Rules for Security Deposits |
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22.1 Objects
Security funds is realised from the students to cover the risk of hostel dues, library books, fees and fines etc. and to ensure good conduct from them.
22.2 Value
he security deposits would be of following types:
- Hostel security
- College and library security
- Any other security decided by the Principal
22.3 Maintenance of Accounts
- Hostel security would be realized from boarders and College and library Security would be realized from all students seeking admission to B.C.E.T., Gurdaspur.
- The account of the securities would be maintained by the office of the Registrar, in the form prescribed.
- Amount of the securities deposits in excess of the yearly requirements, to be determined by the Principal would be invested in fixed deposits with the approved banks. The balance would be invested in the savings Bank Account. The interest earned on the investment of Security Fund would be transferred to the Students Fund after suitable intervals.
22.4 Refund of Security Deposits
- The refunds from the security funds would be allowed to the students after preaudit or the like manner as other payments are drawn from the College funds.
- The students can claim refunds after they finally complete a particular programme in the College and by producing “No dues Certificate” from the Librarian, the Hostel warden, Hostel Mess and Accounts branch.
- The securities remaining unclaimed for two semesters succeeding the end of the semesters in which the students left the College either by completion a particular course or otherwise shall lapse.
- The statement of lapsed securities would be prepared by the office of the Registrar at the close of each financial year by the 30th April of the following year stating the receipt number, date of receipts, name of the students, admission number and date of leaving the College. The amount of the statement after audit verification would be withdrawn from security funds and credited to Students Aid Funds.
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| End of Chapter 22 |
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