Administration Manual - B.E.S.T. Undertaking.

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quality & quantity of articles. Tenders will be opened on the day and time of
opening of tender as decided by AMM (Sales) and further action of obtaining
Management / BEST Committee / Corporation’s sanction for disposal of
valuable articles as per BMC Act will be taken by AMM (Sales). Once the
sanction is obtain, the valuable articles are handed over to the highest bidder
after following the proper procedure of opening the sealed boxes in presence of
all the authorities as above and the winner tenderer. Authontication to this
effect is also obtained on the Lost Property Register in charge of Cash
Department (N).
STAFF BENEFIT FUND
All the funds required to be credited to Staff Benefit Fund A/c under
Section 460 HH of the B.M.C. Act are deposited in Cash Department (N) by a
separate Remittance Slip under Code NO. 700/109. These Remittance Slips are
first entered into a SBF Remittance Register and Pay-In-Slips of Bank Of India,
Electric House Branch is prepared. The same are got audited and then the
amount is separately deposited in BEST Staff Benefit Fund A/c in Bank Of
India, Electric House Branch. Duly acknowledged Pay-In-Slips and Remittance
Slips alongwith the SBF Remittance Register is sent to Accounts Department
for a entry in Books of Accounts. When the same are returned back
Remittance Slip is filed in a separate file at Cash Department (South).