Form of Receipt

325. For the sufficiency of the receipt, it is necessary to see that it is not for a part only of the Draft, and that it is given by the legal holder. On no account may a Draft be paid by instalments; receipt for the full amount must be given on the reverse, and the full amount must be paid :—

(a) If the legal holder be dead, payment can be made only to his legal representative; a Draft for less than Rs. 100 may, however, be paid without a certificate of administration.

(b) If the receipt be signed by an agent or attorney, note of the existence, and of the record in the Treasury, of the power of attorney, should be made on the Draft.

(c) If more than one person be named in a Draft, all must join in order to give a valid endorsement or receipt.

(d) A Draft payable to A.B. cannot be cashed on the receipt of his partner C.D. without production of a formal power of attorney; a draft payable to A.B. and C.D. can be paid on the receipt as A.B. and Co. of any member of the firm.

(e) Drafts payable to an incorporated company or any other corporate body may be paid on the receipt of the official authorize, generally or specially, by its regulations or by power of attorney to receive moneys payable to such company or body.

In the case of Drafts payable to an unincorporated body, payment may be made to a person holding authority to receive moneys payable to such body, but the Treasury Officer shall first satisfy himself that the authority has been duly conferred.

(f) A Government officer when he sends a Draft to a Treasury, not for cash payment, but for credit of its amount in the Treasury accounts, must, before he signs the receipt, add to the words "Received payment" the further words "by transfer credit." Omission to de this facilitates fraudulent appropriation of the money.