Standing Order No. 3825/2015 of the Finance Department, Government of Maharashtra dated 8th April, 2015 on the holding of Government bonds [C1G-R6Y]

Standing Order No. 3825/2015

GOVERNMENT OF MAHARASHTRA

Finance Department, Government of Maharashtra

Mumbai, dated the 8th April, 2015

STANDING ORDER

To

All Controllers of Accounts,

Subject: The holding of Government bonds by holders of a Government bond under the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, regarding.

In exercise of the powers conferred by section 9 of the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 (Maharashtra Act 15 of 2005), the Finance Department, Government of Maharashtra 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 41 to the Controller General of Accounts within thirty days, accompanied by a fee of five thousand rupees.

3. The Controller of Accounts shall ensure that voucher is dealt with as directed above, and shall report compliance to the Controller General of Accounts within thirty days.

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

(Secretary to Government)