Standing Order No. 1896/2022 of the Energy Department, Government of Kerala dated 16th October, 2022 on the holding of Government bonds [C14-18R]

Standing Order No. 1896/2022

GOVERNMENT OF KERALA

Energy Department, Government of Kerala

Thiruvananthapuram, dated the 16th October, 2022

STANDING ORDER

To

All Controllers of Accounts,

Subject: The holding of Government bonds by holders of a Government bond under the Kerala Fiscal Responsibility Act, 2003, regarding.

In exercise of the powers conferred by section 9 of the Kerala Fiscal Responsibility Act, 2003 (Kerala Act 17 of 2003), the Energy Department, Government of Kerala hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the holding of Government bonds by holders of a Government bond.

2. The matter has been examined. Every holder of a Government bond carrying on the holding of Government bonds shall make an application in Form GFR 25 to the Public Accounts Committee within fourteen days, accompanied by a fee of one thousand rupees.

3. The Controller of Accounts shall ensure that bid is dealt with as directed above, and shall report compliance to the Public Accounts Committee within fourteen days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Energy Department, Government of Kerala.

(Secretary to Government)