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48. Investments

  1. Investments of surplus fund shall be made by the Panchayat as per Rule 4 of the Kerala Panchayat Raj (Investment and Withdrawal of
    Panchayat Fund) Rules, 1996.
  2. The amount of every security or investment shall be verified periodically and at least once in every three months by the Secretary.
  3. No security or other investment shall be written off unless and until it has been disposed of absolutely by sale or otherwise.
  4. Every investment held by the Panchayat shall be submitted for physical verification to the auditor at the time of audit.