Friday, 6 April 2012

Information Regarding No Due Certificate

All the students are informed that No Due from the Library will be given as per Institute Bye-Laws. Library will provide No Due to the students strictly by considering the complete rules of Chapter XXII -22.4 (a,b,c and d) for Refund of Security and single part or combination of two or three parts of a, b, c or d of Rule 22.4 will be not assumed as a rule for refund of security. The Rule for Refund of Security as per Bye Laws is mentioned below:-
Chapter XXIIRules for SECURITY DEPOSITS BY THE STUDENTS 
22.4- Refund of Security Deposits
a.           The refunds from the security funds would be allowed to the students after preaudit or the like manner as other payments are drawn from the institute funds.
b.                 The students can claim refunds after they finally complete a particular programme in the institute and by producing “No Due Certificate” from the Librarian, the Hostel Warden, Hostel Mess and Accounts Branch. 
c.             The securities remaining unclaimed for two semesters succeeding the end of the semesters in which students left the institute either by completing a particular course or otherwise shall lapse.
d.              The statement of lapsed securities would be prepared by office of the Registrar at the close of each financial year by the 30th April of the following year stating the receipt number, date of receipts, name of the students, admission number and date of leaving the institute. The amount of the statement after audit verification would be withdrawn from the security funds and credited to Student Aid Fund.

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