OFFICE MEMORANDUM

Consequent to the shifting of financial management/processing of all SRIC&IR related activities from the Finance & Accounts section to SRIC & IR section, the Competent Authority has kindly approved the inclusion of the following officials along with other signatories notified vide Office Memorandum No. IITMandi/RO-01/2019/7442-46 dated Sep. 11, 2019 for the signing of financial instruments, i.e. Cheques/NEFT/Bank Transfers, etc. as follows:

SINGLE SIGNATORY

Designation                                                              Limit of Financial Power (In Rs.)

Assistant Registrar(SRIC & IR)                                Up to Rs. 75,000/-

Registrar                                                                    Up to Rs. 1,00,000/- 

JOINT SIGNATORIES

Assistant Registrar (SRIC & IR) & Registrar          Rs. 2,00,000/- (Two Lakhs)

Dean (SRIC & IR) and Registrar                              Rs. 5,00,000/- (Five Lakhs)

Registrar and Director                                               Rs. 5,00,000/- (Five Lakhs) to any amount

Registrar and Director                                              Any amount for statutory payments.