Standing Order No. 213/2022 of the Finance Department, Government of Kerala dated 20th January, 2022 on the holding of Government bonds [C1N-46C]

Standing Order No. 213/2022

GOVERNMENT OF KERALA

Finance Department, Government of Kerala

Thiruvananthapuram, dated the 20th January, 2022

STANDING ORDER

To

All Pay and Accounts Officers,

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 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 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 Accountant General within forty-five days, accompanied by a fee of five hundred rupees.

3. The Pay and Accounts Officer shall ensure that purchase order is dealt with as directed above, and shall report compliance to the Accountant General within forty-five 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)