Para 10.13.11 — CAM

10.13.11 Assignment to the second tier AB by the Autonomous Bodies: ABs to issue ‘subAssignment Advice’ to sub-ABs through PFMS. When an Assignment against grants-in-aid received by an AB is released by it further to its subsidiary AB (sub-AB), the sub-assignment advice will be digitally signed by the authorized signatory of the AB and contain details of the Assignment Advice issued by the PAO. This assignment will be treated as a sub assignment of the AB and treated as a normal assignment i.e. account of the AB will not be debited.