Office Memorandum No. 839/2007/ITD of the Information Technology Department, Government of Maharashtra dated 9th September, 2007 on the holding of a Government guarantee [C12-SHN]
As at 7 September 2026. In force. No commencement recorded.
No. 839/2007/ITD
GOVERNMENT OF MAHARASHTRA
Information Technology Department, Government of Maharashtra
Mumbai, dated the 9th September, 2007
OFFICE MEMORANDUM
Subject: The holding of a Government guarantee by guarantee holders under the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, regarding.
1. The undersigned is directed to say that references have been received in the Information Technology Department, Government of Maharashtra on the manner in which the holding of a Government guarantee by guarantee holders is to be regulated under the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005.
2. The matter has been examined. Every guarantee holder carrying on the holding of a Government guarantee shall make an application in Form GFR 41 to the Public Accounts Committee within twenty-one days, accompanied by a fee of five thousand rupees.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the holding of a Government guarantee is undertaken, and the Public Accounts Committee shall dispose of it within twenty-one days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Information Technology Department, Government of Maharashtra.
(Secretary to Government)
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