The Board shall be competent to write off losses up to rupees five hundred in individual cases and not exceeding rupees five thousand in the aggregate in any financial year in cases falling under any or all of the following categories :––
(a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other causes ;
(b) loss of irrecoverable advance other than loans ; and
(c) deficiency and depreciation in the value of stores.
(a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other causes ;
(b) loss of irrecoverable advance other than loans ; and
(c) deficiency and depreciation in the value of stores.
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Next · Section 39Repeal and saving. →All sections / सभी धाराएँTHE JAMMU AND KASHMIR KHADI AND VILLAGE INDUSTRIES BOARD ACT, 1965 →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Establishment and incorporation of Board.Section 4 · Constitution of Board.Section 5 · Financial Advisor of the Board.Section 6 · Resignation of office of members.Section 7 · Proceedings presumed to be good and valid.Section 8 · Temporary association of persons with the Board for particular purposes.India Code, Government of India. Text fetched 12 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.