Standing Order No. 785/2026 of the Finance Department, Government of Kerala dated 16th August, 2026 on the holding of a Government guarantee [C1K-TEY]
As at 7 September 2026. In force. No commencement recorded.
Standing Order No. 785/2026
GOVERNMENT OF KERALA
Finance Department, Government of Kerala
Thiruvananthapuram, dated the 16th August, 2026
STANDING ORDER
To
All Controllers of Accounts,
Subject: The holding of a Government guarantee by guarantee holders 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 Finance 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 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 19 to the Finance Commission within thirty days, accompanied by a fee of one thousand rupees.
3. The Controller of Accounts shall ensure that purchase order is dealt with as directed above, and shall report compliance to the Finance Commission 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 Kerala.
(Secretary to Government)
Made under
Recital: "In exercise of the powers conferred by section 9 of the Kerala Fiscal Responsibility Act, 2003 (Kerala Act 17 of 2003), the Finance Department, Government of Kerala hereby issues the following Standing Order for the guidance of all officers subordinate to it:". Names section 9 of the Kerala Fiscal Responsibility Act, 2003 (Kerala Act 17 of 2003) [S2M-1YV]. Vires verified.
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