Standing Order No. 2982/2008 of the Home Department, Government of Gujarat dated 23rd December, 2008 on the holding of a Government guarantee [C1A-HF3]

Standing Order No. 2982/2008

GOVERNMENT OF GUJARAT

Home Department, Government of Gujarat

Gandhinagar, dated the 23rd December, 2008

STANDING ORDER

To

All Internal Auditors,

Subject: The holding of a Government guarantee by guarantee holders under the Gujarat Infrastructure Development Act, 1999, regarding.

In exercise of the powers conferred by section 9 of the Gujarat Infrastructure Development Act, 1999 (Gujarat Act 11 of 1999), the Home Department, Government of Gujarat 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 a Government guarantee by guarantee holders.

2. The matter has been examined. Every guarantee holder carrying on the holding of a Government guarantee shall make an application in Form GFR 40 to the Public Accounts Committee within forty-five days, accompanied by a fee of ten thousand rupees.

3. The Internal Auditor shall ensure that voucher is dealt with as directed above, and shall report compliance to the Public Accounts Committee within forty-five days.

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

(Secretary to Government)