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Nadu-Nedu Model Stamps for opening of Joint Account and Signatories

Nadu-Nedu Model Stamps for opening of Joint Account and Signatories

In case of schools, the Parents’ Committee shall decide five members (with minimum three women members) from the Parents Committee (PC) for cheque signing. These five members shall be from elected Parent members only. Besides these five members, the HM, CRP, the Sachivalayam engineer, Sachivalayam Education Assistant also shall be authorized as joint account signatories for cheques.

The five members of parent committee members, HM, CRP, Sachivalayam Engineer, Sachivalayam Education Asst who are the joint signatories of the cheque shall form as School Development Committee. Out of nine signatories of cheque, minimum 7 (all 9 can also sign) should be signing the cheque at any given point of time. This may be informed to the bank in the resolution accordingly while
opening the joint account in the bank. The School Development committee shall be accountable to the Parents committee and inform all the transactions in their weekly meetings.

In case of the junior colleges, parents shall choose three members from the Parents for cheque signing authority. Two active faculty members identified by the Principal in the parents meeting and one or
two from previous donors (this is not mandatory) identified in the parents meeting shall also constitute the college development committee. Besides these three members from parents, two faculty
members, the Principal, CRP of school education of the area, the Sachivalayam engineer of the geographical area, Sachivalayam Education Asst of the area also shall be authorized as joint account
signatories for cheques.

In case of the residential schools/Ashram schools/KGBVs/Model schools, the three members among parent committees, Principal, two faculty members, CRP, local Sachivalayam Engineer, Sachivalayam,
Education Asst who are the joint signatories of the cheque shall form as school development committee. Out of nine signatories of cheque, minimum 7 (all 9 can also sign) should be signing the cheque at any
given point of time. This may be informed to the bank in the resolution accordingly while opening the joint account in the bank.

In case of the Hostel, the three members among parents living nearer to the hostel, Hostel welfare Officer, ASWO/ABCWO/ATWO, local Sachivalayam Engineer, Sachivalayam Welfare Asst shall form as school development committee. Out of 7 signatories of cheque, minimum 6 (all 7 can also sign) should be signing the cheque at any given point of time. This may be informed to the bank in the resolution accordingly while opening the joint account in the bank.