Section 101. Operation of the Accounts

101. Operation of the Accounts.— (1) Save as otherwise provided in this Act no payment shall be — made by the State Bank of India out of the Municipal Fund except on a cheque signed by both (a) the Chief Accountant or an officer subordinate to him authorised by the standing Committee in this behalf; and 7[(b) the Commissioner or a Deputy Commissioner or an officer subordinate to the Commissioner authorised by the Standing Committee in this behalf.] (2) Payment of any sum due by[1] [[2] [the Corporation]] in excess of one hundred rupees shall be made by means of a cheque signed in accordance with sub-section (1) and not in any other way. (3) Payments hot covered by sub-section (2) may be made in cash.