The Meghalaya Khadi and Village Industries Board Act,1980 (Act No.27 of 1980)
Section 35. Power to write of losses
The Board shall be competent to write of losses upto Rs.500 in individual cases and not exceeding Rs.5,000 in the aggregate in any financial year in cases failing under all or any of the following categories:-
(a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other cause;
(b) loss of irrecoverable advance other than loans; and
(c) deficiency and depreciation in the value of stores.
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