Standing Order No. 4200/2011 of the Home Department, Government of Kerala dated 11th February, 2011 on the holding of Government bonds [C1P-42W]

Standing Order No. 4200/2011

GOVERNMENT OF KERALA

Home Department, Government of Kerala

Thiruvananthapuram, dated the 11th February, 2011

STANDING ORDER

To

All Treasury 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 Home 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 21 to the Directorate of Treasuries within twenty-one days, accompanied by a fee of five thousand rupees.

3. The Treasury Officer shall ensure that voucher is dealt with as directed above, and shall report compliance to the Directorate of Treasuries within twenty-one days.

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

(Secretary to Government)