(1) The Commission shall assign a responsible officer to collect and deposit all frequency fees.
(2) The responsible officer shall—
(a) issue an official receipt for all frequency fees received by the Commission;
(b) pay the whole amount of the fees collected into the bank account established under regulation 6.
(3) Frequency fees collected shall be deposited in the bank account established under regulation 6 at the earliest opportunity and in any event not later than midday of the next working day after receipt by the Commission and the Commission shall obtain a receipt for the amounts deposited.
(4) The receipts for frequency fees shall be properly accounted for in books or records of account as may be prescribed by the Managing Director of ECTEL.