This document outlines the delegation of powers to subordinate officers of the Executive Director of Mines/Head Office of Mines for Bhilai Steel Plant. It details the financial limits and conditions under which officers like the ED of Mines, Heads of Iron Ore Complex and Flux Department, and departmental heads of E-7 grade can approve various matters related to operation and maintenance contracts like annual plans, budget provisions, tendering process, order placement, extensions, rejections, cancellations and emergency jobs. Approval of the Managing Director is required for certain cases beyond the powers of the ED.
C:\fakepath\isa 810 engagements to report on summary financial statements en ...guest4a971d
The document outlines International Standards on Auditing for engagements to report on summary financial statements. It provides requirements for auditors to:
- Accept the engagement only if they have audited the underlying financial statements
- Determine if the criteria for preparing the summary statements are acceptable
- Obtain management agreement to make the audited statements available and include the auditor's report
- Compare the summary statements to the audited statements to evaluate if they are consistent
- Evaluate if the summary statements properly disclose their nature and provide necessary information without being misleading.
This document discusses provisions around audit, accounts, and share capital under the Companies Act 2013. It covers topics such as preparation of accounts and financial statements, consolidation of accounts, appointment of auditors, auditor duties and responsibilities, and internal audit. Key points include requirements around maintaining books of accounts, financial statement formats, auditor rotation and eligibility, limits on non-audit services for auditors, and auditor resignation and removal.
This document outlines the Khyber Pakhtunkhwa Delegation of Financial Powers Rules 2018. It defines key terms and categorizes different levels of officers. It delegates specific financial powers to different categories of officers for various expenditure types such as fuel and power, fees, communications, utilities, occupancy costs, operating leases, and motor vehicles. Higher level officers like Secretaries and Deputy Commissioners have full powers while lower levels have powers capped at certain rupee amounts. All financial powers must be exercised according to various conditions including budget availability and codal requirements.
This document outlines the Central Civil Services (Leave) Rules of 1972. Some key points:
- It establishes rules for leave for government servants appointed to civil services and posts related to the Union government.
- It does not apply to certain groups like railway servants, casual workers, members of the armed forces, or those with special rules.
- Key terms are defined, like "earned leave" and "half pay leave." Authority to grant different types of leave is also specified.
- The rules apply to those on temporary transfer or foreign service, with adjustments for foreign service conditions.
- Leave is carried over when transferring between services, within limits, and cash equivalent of leave may be granted when
The General Financial Rules, 2005 document provides the rules and procedures for financial management for the Government of India. It covers topics such as budget formulation, government accounts, procurement, inventory management, and grants administration. The document underwent a comprehensive review to simplify and update the rules to reflect developments in areas like information technology, outsourcing, and international procurement practices. The revised rules aim to provide greater flexibility while ensuring accountability in government financial transactions.
C:\fakepath\isa 810 engagements to report on summary financial statements en ...guest4a971d
The document outlines International Standards on Auditing for engagements to report on summary financial statements. It provides requirements for auditors to:
- Accept the engagement only if they have audited the underlying financial statements
- Determine if the criteria for preparing the summary statements are acceptable
- Obtain management agreement to make the audited statements available and include the auditor's report
- Compare the summary statements to the audited statements to evaluate if they are consistent
- Evaluate if the summary statements properly disclose their nature and provide necessary information without being misleading.
This document discusses provisions around audit, accounts, and share capital under the Companies Act 2013. It covers topics such as preparation of accounts and financial statements, consolidation of accounts, appointment of auditors, auditor duties and responsibilities, and internal audit. Key points include requirements around maintaining books of accounts, financial statement formats, auditor rotation and eligibility, limits on non-audit services for auditors, and auditor resignation and removal.
This document outlines the Khyber Pakhtunkhwa Delegation of Financial Powers Rules 2018. It defines key terms and categorizes different levels of officers. It delegates specific financial powers to different categories of officers for various expenditure types such as fuel and power, fees, communications, utilities, occupancy costs, operating leases, and motor vehicles. Higher level officers like Secretaries and Deputy Commissioners have full powers while lower levels have powers capped at certain rupee amounts. All financial powers must be exercised according to various conditions including budget availability and codal requirements.
This document outlines the Central Civil Services (Leave) Rules of 1972. Some key points:
- It establishes rules for leave for government servants appointed to civil services and posts related to the Union government.
- It does not apply to certain groups like railway servants, casual workers, members of the armed forces, or those with special rules.
- Key terms are defined, like "earned leave" and "half pay leave." Authority to grant different types of leave is also specified.
- The rules apply to those on temporary transfer or foreign service, with adjustments for foreign service conditions.
- Leave is carried over when transferring between services, within limits, and cash equivalent of leave may be granted when
The General Financial Rules, 2005 document provides the rules and procedures for financial management for the Government of India. It covers topics such as budget formulation, government accounts, procurement, inventory management, and grants administration. The document underwent a comprehensive review to simplify and update the rules to reflect developments in areas like information technology, outsourcing, and international procurement practices. The revised rules aim to provide greater flexibility while ensuring accountability in government financial transactions.
The document outlines the procedures for obtaining consent to establish and consent to operate from the Haryana State Pollution Control Board.
Key points:
- Industries are categorized as Red, Orange, or Green based on pollution levels. Red and Orange industries must submit a bank guarantee while applying for consent to establish.
- Consent to establish is valid for 2-5 years depending on the industry. Consent to operate is granted in two parts - for trial production and then regular production.
- Applications are approved by the District Level Committee for industries up to Rs. 5 crore capital investment, and by the Board Chairman for larger industries. Industries covered by EIA notification require additional clearances.
The Commissioner may examine records related to any tax proceeding under the relevant act and revise orders found to be erroneous and prejudicial to revenue. An order can be revised within 2 years of the financial year-end in which the order was passed, except to give effect to court rulings. The assessee must be given an opportunity to be heard and can appeal revised orders to the Income Tax Appellate Tribunal. Revisions can be made if the original order is found to contradict later court judgments, retrospective law amendments, or apparent mistakes in the record.
The document discusses rules and procedures from the General Financial Rules of the Government of India (GFR). It covers 12 topics: introduction and definitions; general financial management principles; budget formulation and implementation; government accounts; procurement of goods; and miscellaneous subjects. Specific rules covered include those relating to purchase thresholds, advance payments to suppliers, physical verification of assets, service books, travel allowance claims, and cash book maintenance. The GFR provides comprehensive regulations and guidelines for financial management for all government offices in India.
Financial matters under Constitution of India-General Studies Civil Service ExamYatendra Kumar
Financial matters under Constitution of India,Consolidated fund and Public Account ,Contingency fund,Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts,Union Budget, State Budget, Demand for grants, Annual Financial Statement, Supplementary grants, Vote on credit, Vote on account, Taxing Powers, Money Bills, etc
This document discusses claims according to the FIDIC Red Book construction contract. It outlines the different types of claims that can be made by both the employer and contractor for circumstances like extensions of time, additional payments, cost recovery, and non-fulfillment of obligations. Specific clauses from the Red Book are cited that allow claims for delays, differing site conditions, suspensions of work, termination, and other events. The document also provides background on FIDIC contract models and the applicability of claims.
Clause 14.2 Advance Payment-Understanding Clauses in FIDIC ‘Conditions of Con...Divyanshu Dayal
•Advance payment is an interest free loan to the contractor.
•Advance payment is only paid on fulfillment of certain conditions as stipulated in the clause on receipt of a statement of an interim payment, advance guarantee and performance security.
•Advance guarantee shall remain valid until the advance payment has not been completely repaid. This repayment is done through proportional deduction in the contract price or as stipulated in the particular conditions of the contract.
•Advance payment is also linked with taking over certificate, termination of the contract and force majeure.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended June 30, 2018 and 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card Co.'s assets, liabilities, equity, revenues, expenses, and cash flows for the interim periods presented.
This document discusses the appointment, remuneration, and qualifications of auditors for companies in India. It outlines that the first auditor of a company is appointed by the Board of Directors or members within 30 days and holds office until the first AGM. Subsequent auditors are appointed at the AGM based on nominations by the Board. Government companies have auditors appointed by the central government. Auditors may be appointed to fill casual vacancies by the Board or at an AGM. Only chartered accountants or firms are qualified to be auditors. Remuneration is determined by the authority that appoints the auditor.
- The document is an independent auditors' review report of Hyundai Commercial, Inc. and Subsidiaries' condensed consolidated interim financial statements for the period ended September 30, 2014.
- The auditor conducted a review of the interim financial statements and determined that nothing came to their attention to indicate the statements were not prepared in accordance with accounting standards.
- The auditor's responsibility is to issue a report on the condensed consolidated interim financial statements based on their review.
This document provides an overview of variations and adjustments, termination by employer and contractor, risks and responsibilities, and insurance clauses based on FIDIC contracts. It discusses topics like the engineer's right to vary works, value engineering, grounds for termination by employer or contractor, risks assumed by each party, intellectual property rights, limitations of liability, and general insurance requirements.
Here are the roles of the contract parties if unforeseen physical conditions were experienced on the site based on the FIDIC Red Book 1999:
Case 1 (Contractor):
- Notify the Engineer in writing with details of the conditions encountered.
- Suspend work in the affected area until receiving instructions from the Engineer.
- Be entitled to an extension of time and payment of any additional costs arising from the conditions.
Case 2 (Engineer):
- Inspect the site conditions upon receiving notice from the Contractor.
- Determine whether the conditions were actually unforeseen based on the contract definition.
- If determined to be unforeseen, instruct a variation in work along with granting an extension
This document is a handbook on financial accountability for chief controlling officers, subordinate controlling officers, and drawing and disbursing officers in Andhra Pradesh, India. It provides guidance on financial responsibilities, maintaining proper accounts and registers, processing bills, managing budgets, reconciling figures with the Accountant General, and ensuring compliance with rules and procedures to ensure accountability in use of public funds. The handbook contains information over two parts - Part I describes the financial accountabilities of different government positions, while Part II provides proformas and formats for various financial records and registers that must be properly maintained.
The document provides an overview of office procedures and management as prescribed in the District Office Manual. Some key points covered include:
- Maintaining discipline, punctuality, and orderliness is important for efficient office functioning.
- Attendance, leave, and compensation policies for government employees are outlined.
- Proper organization of sections and distribution of work is necessary.
- Various stages of official work flow are covered, from receiving documents to registration, file maintenance, noting, drafting communications, and document disposal.
- Types of official communications like memos, letters, and proceedings are defined along with their purposes.
- Registers and diaries for monitoring work and ensuring timely responses are discussed.
Clause 14.9 Payment of Retention Money-Understanding Clauses in FIDIC ‘Condit...Divyanshu Dayal
•Retention money is held as a percentage of interim payments.
•Retention money is returned in parts after issue of taking over certificate and after expiry of defects notification period.
•In lieu of retention as percentage of interim payments, the contractor can issue a retention guarantee as agreed by the parties.
The document provides information on the regulatory provisions and procedures related to changing the name, objects, and registered office of a company under various sections of the Companies Act, 1956. It discusses the requirements for changing the name of a company through a special resolution and with approval of the central government. It also outlines the procedures for shifting a registered office within and between states.
The document provides information on the regulatory provisions and procedures related to changing the name, objects, and registered office of a company under various sections of the Companies Act, 1956. It discusses the requirements for changing the name of a company through a special resolution and with approval of the central government. It also outlines the procedures for shifting a registered office within and between states.
The document provides a summary of various circulars and notifications issued by the Ministry of Corporate Affairs in India between February and August 2011 regarding amendments to the Companies Act of 1956. Key changes include exemptions granted to holding companies from attaching full financial statements of subsidiaries, simplified processes for company incorporation and foreign business establishment, electronic payment of fees, and delegation of additional powers to Regional Directors of the MCA.
The document outlines the procedures for obtaining consent to establish and consent to operate from the Haryana State Pollution Control Board.
Key points:
- Industries are categorized as Red, Orange, or Green based on pollution levels. Red and Orange industries must submit a bank guarantee while applying for consent to establish.
- Consent to establish is valid for 2-5 years depending on the industry. Consent to operate is granted in two parts - for trial production and then regular production.
- Applications are approved by the District Level Committee for industries up to Rs. 5 crore capital investment, and by the Board Chairman for larger industries. Industries covered by EIA notification require additional clearances.
The Commissioner may examine records related to any tax proceeding under the relevant act and revise orders found to be erroneous and prejudicial to revenue. An order can be revised within 2 years of the financial year-end in which the order was passed, except to give effect to court rulings. The assessee must be given an opportunity to be heard and can appeal revised orders to the Income Tax Appellate Tribunal. Revisions can be made if the original order is found to contradict later court judgments, retrospective law amendments, or apparent mistakes in the record.
The document discusses rules and procedures from the General Financial Rules of the Government of India (GFR). It covers 12 topics: introduction and definitions; general financial management principles; budget formulation and implementation; government accounts; procurement of goods; and miscellaneous subjects. Specific rules covered include those relating to purchase thresholds, advance payments to suppliers, physical verification of assets, service books, travel allowance claims, and cash book maintenance. The GFR provides comprehensive regulations and guidelines for financial management for all government offices in India.
Financial matters under Constitution of India-General Studies Civil Service ExamYatendra Kumar
Financial matters under Constitution of India,Consolidated fund and Public Account ,Contingency fund,Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts,Union Budget, State Budget, Demand for grants, Annual Financial Statement, Supplementary grants, Vote on credit, Vote on account, Taxing Powers, Money Bills, etc
This document discusses claims according to the FIDIC Red Book construction contract. It outlines the different types of claims that can be made by both the employer and contractor for circumstances like extensions of time, additional payments, cost recovery, and non-fulfillment of obligations. Specific clauses from the Red Book are cited that allow claims for delays, differing site conditions, suspensions of work, termination, and other events. The document also provides background on FIDIC contract models and the applicability of claims.
Clause 14.2 Advance Payment-Understanding Clauses in FIDIC ‘Conditions of Con...Divyanshu Dayal
•Advance payment is an interest free loan to the contractor.
•Advance payment is only paid on fulfillment of certain conditions as stipulated in the clause on receipt of a statement of an interim payment, advance guarantee and performance security.
•Advance guarantee shall remain valid until the advance payment has not been completely repaid. This repayment is done through proportional deduction in the contract price or as stipulated in the particular conditions of the contract.
•Advance payment is also linked with taking over certificate, termination of the contract and force majeure.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended June 30, 2018 and 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card Co.'s assets, liabilities, equity, revenues, expenses, and cash flows for the interim periods presented.
This document discusses the appointment, remuneration, and qualifications of auditors for companies in India. It outlines that the first auditor of a company is appointed by the Board of Directors or members within 30 days and holds office until the first AGM. Subsequent auditors are appointed at the AGM based on nominations by the Board. Government companies have auditors appointed by the central government. Auditors may be appointed to fill casual vacancies by the Board or at an AGM. Only chartered accountants or firms are qualified to be auditors. Remuneration is determined by the authority that appoints the auditor.
- The document is an independent auditors' review report of Hyundai Commercial, Inc. and Subsidiaries' condensed consolidated interim financial statements for the period ended September 30, 2014.
- The auditor conducted a review of the interim financial statements and determined that nothing came to their attention to indicate the statements were not prepared in accordance with accounting standards.
- The auditor's responsibility is to issue a report on the condensed consolidated interim financial statements based on their review.
This document provides an overview of variations and adjustments, termination by employer and contractor, risks and responsibilities, and insurance clauses based on FIDIC contracts. It discusses topics like the engineer's right to vary works, value engineering, grounds for termination by employer or contractor, risks assumed by each party, intellectual property rights, limitations of liability, and general insurance requirements.
Here are the roles of the contract parties if unforeseen physical conditions were experienced on the site based on the FIDIC Red Book 1999:
Case 1 (Contractor):
- Notify the Engineer in writing with details of the conditions encountered.
- Suspend work in the affected area until receiving instructions from the Engineer.
- Be entitled to an extension of time and payment of any additional costs arising from the conditions.
Case 2 (Engineer):
- Inspect the site conditions upon receiving notice from the Contractor.
- Determine whether the conditions were actually unforeseen based on the contract definition.
- If determined to be unforeseen, instruct a variation in work along with granting an extension
This document is a handbook on financial accountability for chief controlling officers, subordinate controlling officers, and drawing and disbursing officers in Andhra Pradesh, India. It provides guidance on financial responsibilities, maintaining proper accounts and registers, processing bills, managing budgets, reconciling figures with the Accountant General, and ensuring compliance with rules and procedures to ensure accountability in use of public funds. The handbook contains information over two parts - Part I describes the financial accountabilities of different government positions, while Part II provides proformas and formats for various financial records and registers that must be properly maintained.
The document provides an overview of office procedures and management as prescribed in the District Office Manual. Some key points covered include:
- Maintaining discipline, punctuality, and orderliness is important for efficient office functioning.
- Attendance, leave, and compensation policies for government employees are outlined.
- Proper organization of sections and distribution of work is necessary.
- Various stages of official work flow are covered, from receiving documents to registration, file maintenance, noting, drafting communications, and document disposal.
- Types of official communications like memos, letters, and proceedings are defined along with their purposes.
- Registers and diaries for monitoring work and ensuring timely responses are discussed.
Clause 14.9 Payment of Retention Money-Understanding Clauses in FIDIC ‘Condit...Divyanshu Dayal
•Retention money is held as a percentage of interim payments.
•Retention money is returned in parts after issue of taking over certificate and after expiry of defects notification period.
•In lieu of retention as percentage of interim payments, the contractor can issue a retention guarantee as agreed by the parties.
The document provides information on the regulatory provisions and procedures related to changing the name, objects, and registered office of a company under various sections of the Companies Act, 1956. It discusses the requirements for changing the name of a company through a special resolution and with approval of the central government. It also outlines the procedures for shifting a registered office within and between states.
The document provides information on the regulatory provisions and procedures related to changing the name, objects, and registered office of a company under various sections of the Companies Act, 1956. It discusses the requirements for changing the name of a company through a special resolution and with approval of the central government. It also outlines the procedures for shifting a registered office within and between states.
The document provides a summary of various circulars and notifications issued by the Ministry of Corporate Affairs in India between February and August 2011 regarding amendments to the Companies Act of 1956. Key changes include exemptions granted to holding companies from attaching full financial statements of subsidiaries, simplified processes for company incorporation and foreign business establishment, electronic payment of fees, and delegation of additional powers to Regional Directors of the MCA.
This document discusses the delegation of financial powers and rules of 1978. It begins by defining delegation and explaining why it is important. It then discusses successful delegation and how it makes work easier, improves efficiency, increases effectiveness, develops employees, and ensures the right people do the right jobs. The document goes on to explain the detailed process of delegation, definitions related to delegation of financial powers, restrictions on appropriation and reappropriation of funds, and authorities who can approve appropriation and reappropriation. It also discusses heads of departments, redelegation of powers, and various other topics related to the delegation of financial powers and rules.
Companies Act 2013 and the draft Rules towards better corporate GovernanceNeha Sharma
The Companies Act 2013 has already been passed by the Parliament and has also received the assent of the President. The government is expected to announce the date from which the specific section of the new Act will come in force.
This document provides details for a case study of M/S JAMSHED IRON & STEEL Pvt Ltd, including a purpose of obtaining a cash credit limit of Rs. 200 lakhs, a SWOT analysis of the project, required documents, terms and conditions of the loan, and documents attached in the bank file.
This ppt is a comprehensive presentation on various aspects for the entities working in the construction domain. Starting from Tendering to Budgeting and going on to indirect tax aspects like VAT and service Tax.
The document discusses three adjudication orders issued by Registrars of Companies (ROCs) for non-compliance with the Companies Act, 2013 by various companies.
The first order imposed penalties on ERIS HEALTHCARE PRIVATE LIMITED and its directors for failing to file Form MGT-14 with the ROC regarding a resolution passed to provide loan to a subsidiary, violating Section 117 read with Section 185.
The second order imposed penalties on GSHP MUTUAL BENEFIT INDIA LIMITED for defaulting on filing its financial statements for FY 2019-20 as required under Section 137.
The third order imposed penalties on JAGDISH SILK MILLS PRIVATE LIMITED for not
amalgamation UNDER COMPANIES ACT 2013 .pptxManoj Pandey
This document provides an overview of corporate restructuring through mergers and amalgamations under the Companies Act, 2013 in India. It discusses key concepts like organic and inorganic growth, different types of mergers, the regulatory framework and process for approval. The highlights include setting up the National Company Law Tribunal to approve merger proposals, easier shareholder approval process and consolidation of applicable laws under the new Act. The document also provides details on drafting a scheme of merger, including defining purposes, rationale and accounting treatment. It outlines the application process to the NCLT for approval of a merger scheme in India.
Disclosures in Board Report by Trupti Ranjan Mohanty.pptxssuser1b54031
Insights into Disclosures in Board Report: This includes all the broad disclosures required to be given in the Board Report of a Company under Companies Act, 2013 and SEBI Listing Regulations. Various cases/litigations have been referred to indicate the significance of each disclosure.
The document summarizes the legal framework and procedures for setting up an Export Oriented Unit (EOU) in India according to the country's Foreign Trade Policy. Key points include:
- EOUs are eligible for various exemptions from customs duties, excise duties, and direct/indirect taxes to facilitate exports.
- Setting up an EOU involves obtaining a Letter of Intent from the Development Commissioner by submitting an application with documents like project report and locational clearances.
- Upon receiving the Letter of Intent, legal undertakings must be executed and capital goods/inputs must be attested before a Green Card is issued.
- Various formalities like warehousing licenses and bond execution are
This document discusses mergers and acquisitions (M&A) under the new Companies Act 2013 in India. It provides an overview of key M&A concepts and processes introduced by the Act, including the establishment of the National Company Law Tribunal (NCLT) as a single forum for corporate matters. It also describes transitional provisions, fast-track mergers for small companies, cross-border mergers, and the roles of regulatory authorities like SEBI in the new M&A regime. Overall, the document outlines the major changes and reforms to M&A provisions in India implemented through the Companies Act 2013.
Extension of Time (EoT) in Construction Project presentationAyush Joshi
The document discusses extension of time (EOT) in construction projects. It outlines factors that can cause delays and qualify for an EOT, including weather, site conditions, design issues, and delays by owners or other contractors. It also summarizes requirements for applying for and approving EOTs according to standard contract forms and Nepalese law. Contractors must apply before the deadline and prove delays were outside their control. EOT approval depends on the length of extension needed and requires investigation by the owner. Liquidated damages may be assessed for contractor delays, but contracts also provide rewards for early completion.
Attached Newsletter is an attempt to cover monthly issues relevant in the context of transactions - covers SEBI, Companies Act, Income Tax, Stamp duty and other regulatory changes
VIETNAM - INVESTMENT AND DOING BUSINESS – CURRENT ISSUES AND HOW THE CPTPP FO...Dr. Oliver Massmann
VIETNAM - INVESTMENT AND DOING BUSINESS – CURRENT ISSUES AND HOW THE CPTPP FOREIGN DIRECT INVESTMENT CHAPTER AND THE EUVNA FREE TRADE AGREEMENT AND THE EU VN INVESTMENT PROTECTION AGREEMENT CAN SUPPORT LEGAL CERTAINTY AND BANKABILITY OF YOUR PROJECTS
The document discusses proposed amendments to the Defence Procurement Procedure (DPP) 2016 in India. Key amendments include:
1. Allowing higher authorities like the Defence Acquisition Council to approve retraction of Request for Proposals in certain cases.
2. Requiring vetting of draft contract documents concurrently with the Contract Negotiation Committee process.
3. Standardizing the composition of Contract Negotiation Committees for delegated procurement cases.
4. No longer mandating a Technical Oversight Committee for cases valued over Rs. 300 crores.
5. Requiring Service Headquarters to approve Technical Evaluation Committee reports.
The amendments are aimed at further refining and simplifying defence
Companies Amendment Act,2014 & Important Provisions Eswaramoorthy P
The document summarizes key provisions from the Companies (Amendment) Bill, 2014 relating to amendments in the Companies Act, 2013. Some of the key changes include:
1. Omitting the requirement for minimum paid up share capital and making common seal optional to ease doing business.
2. Prescribing specific punishments for deposits accepted under the new Act which was inadvertently left out previously.
3. Prohibiting public inspection of board resolutions filed with the Registrar of Companies to meet corporate demands.
4. Including provisions for writing off past losses/depreciation before declaring dividends and rectifying requirements for transferring shares for unclaimed dividends.
The document provides
The document provides a summary of recent regulatory changes and updates from the Ministry of Corporate Affairs, Reserve Bank of India, and Securities and Exchange Board of India. Key points include:
1) MCA will receive names of over 500 companies that violated CIS rules from SEBI and take necessary actions to prevent involvement in new companies.
2) Developers of National Manufacturing Investment Zones can now avail of external commercial borrowings under the "approval route" for infrastructure development.
3) RBI has delegated powers to banks to approve reductions in ECB amounts, costs, and drawdown schedules subject to conditions.
The document provides an overview of the Companies Bill 2013 that was passed by the Lok Sabha and Rajya Sabha. It discusses the history and background of the bill, salient features, new provisions introduced, provisions amended, provisions cited for better governance, concepts and amendments, introduction of CSR provisions, and differences between the Companies Act 1956 and the Companies Bill 2013. The document is a presentation on the key aspects of the Companies Bill 2013 to explain the important changes and provisions of the new bill.
The document outlines key dates, costs, capacity constraints and rules for a solar power project bid. It provides important timelines such as the last bid submission date of December 28th, 2013 and timeframes for signing power purchase agreements, achieving financial closure, and project completion within 13 months of signing PPAs. It details application fees, performance guarantees, and penalties for non-completion. The capacity allocated is 750MW split between two parts with domestic content requirements and open categories. Key project rules around financing, generation requirements, land possession and viability gap funding are also summarized.
Ganpati Kumar Choudhary Indian Ethos PPT.pptx, The Dilemma of Green Energy Corporation
Green Energy Corporation, a leading renewable energy company, faces a dilemma: balancing profitability and sustainability. Pressure to scale rapidly has led to ethical concerns, as the company's commitment to sustainable practices is tested by the need to satisfy shareholders and maintain a competitive edge.
12 steps to transform your organization into the agile org you deservePierre E. NEIS
During an organizational transformation, the shift is from the previous state to an improved one. In the realm of agility, I emphasize the significance of identifying polarities. This approach helps establish a clear understanding of your objectives. I have outlined 12 incremental actions to delineate your organizational strategy.
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...dsnow9802
Colby Hobson stands out as a dynamic leader in the residential construction industry. With a solid reputation built on his exceptional communication and presentation skills, Colby has proven himself to be an excellent team player, fostering a collaborative and efficient work environment.
Employment PracticesRegulation and Multinational CorporationsRoopaTemkar
Employment PracticesRegulation and Multinational Corporations
Strategic decision making within MNCs constrained or determined by the implementation of laws and codes of practice and by pressure from political actors. Managers in MNCs have to make choices that are shaped by gvmt. intervention and the local economy.
Comparing Stability and Sustainability in Agile SystemsRob Healy
Copy of the presentation given at XP2024 based on a research paper.
In this paper we explain wat overwork is and the physical and mental health risks associated with it.
We then explore how overwork relates to system stability and inventory.
Finally there is a call to action for Team Leads / Scrum Masters / Managers to measure and monitor excess work for individual teams.
Org Design is a core skill to be mastered by management for any successful org change.
Org Topologies™ in its essence is a two-dimensional space with 16 distinctive boxes - atomic organizational archetypes. That space helps you to plot your current operating model by positioning individuals, departments, and teams on the map. This will give a profound understanding of the performance of your value-creating organizational ecosystem.
Specific ServPoints should be tailored for restaurants in all food service segments. Your ServPoints should be the centerpiece of brand delivery training (guest service) and align with your brand position and marketing initiatives, especially in high-labor-cost conditions.
408-784-7371
Foodservice Consulting + Design
Public Speaking Tips to Help You Be A Strong Leader.pdfPinta Partners
In the realm of effective leadership, a multitude of skills come into play, but one stands out as both crucial and challenging: public speaking.
Public speaking transcends mere eloquence; it serves as the medium through which leaders articulate their vision, inspire action, and foster engagement. For leaders, refining public speaking skills is essential, elevating their ability to influence, persuade, and lead with resolute conviction. Here are some key tips to consider: https://joellandau.com/the-public-speaking-tips-to-help-you-be-a-stronger-leader/
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
innovation in nursing practice, education and management.pptx
DOP 758-mines Procedure
1. STEEL AUTHORITY OF INDIA LIMITED
BHILAI STEEL PLANT
Organisation & Methods Deptt.
No.O&M/DOP/ 758 Date : 21.10.2008
Office Order
Sub: Delegation of powers to sub-ordinate officers of ED/HO(Mines).
1. In pursuance of powers delegated to the Managing Director by Chairman, SAIL, the Managing Director has delegated
administrative and financial powers to the sub ordinate officers of ED(Mines)/HO(Mines) as per the enclosed Annexure. The
powers shall be exercised by incumbents to the posts to which the sub-delegation has been made.
2. The exercise of the powers shall be subject to budget provision, provisions of the Companies Act, 1956 as amended from time
to time, the Memorandum and Articles of Association of the Company , the canons of financial propriety, the rules in force and
the general policy as may be laid down from time to time.
3. Budget provision should be ensured in all cases where financial commitments are involved. Wherever, budget provision for a
particular case is not available, it should be ensured that the same is included in the revised budget before according such
approval.
4. The officers to whom the powers have been sub-delegated, while according approval shall exercise all checks and caution as a
man of prudence is expected to do whilst spending his own money.
5. As an additional precaution, competent authorities may exercise due restraint in approving the cases falling within the delegation
limits of lower authorities. Approval may be accorded for such cases, in exigency, with recorded reasons.
6. The above officers, in cases, where they feel necessary shall take the advice of the Law Department before finalizing any
contract, purchase order etc.
7. Delegation of Powers will be operative as per stipulation in PCP-2006 including amendment from time to time. Provisions of
PCP-06 as and when amended shall be applicable.
( Contd....)
2. 8. This order supersedes all previous orders with regards to delegation of powers to sub-ordinate officers of ED/HO(Mines).
9. This is issued with the approval of MD and comes into force with immediate effect.
Sd/-
( R. S. Prasad )
Dy. General Manager I/c (O&M)
Distribution :
• ED (F&A)/ / ED (W) /ED (Proj.)/ ED (P&A)/ED (Mines)/ ED(MM)
• GM(F&A)//GM(C&IT)/GM(MS)/ACVO & GM (Vig.)
• Head of Contract Cell-Mines
• DGMF&A)/DGMI/c(IOC) / DGM(Flux) /All DGMs of Mines
• AGM(F&A-Mines Coordn.)
• Sr. Mgr.(Fin.-IOC) / Dy. Mgr.(F&A-Nandini Mines) / Dy. Mgr.(F&A- Hirri Mines)
• Sr TA to MD
• O&M Web page
3. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
1/20 Organisation & Methods Deptt.
Guidelines for award of contracts
1. All proposals beyond Rs.50 Lakhs shall be dealt through Open Tender Enquiry (OTE). Deviations to this shall be approved
by ED(Mines)/ MD as per DOP with reasons to be recorded. In such cases, monthly MIS to MD with full details, to be sent.
2. All Powers before price evaluation shall be based on estimated value
3. All Powers after price evaluation shall be based on evaluated cost
4. Initiation, processing and execution of Capital Investment Proposals for Addition Modification and Replacement (AMR) of
Assets/ Equipments shall be done in line with the procedure for AMR cases.
5. Where approving authority is the Chief Executive, Next Higher Authority will also be the same. MD’s nominee is required
for Tender Committee / Negotiation committee for cases valuing Rs.50 Lakhs and above.
5. Wherever Chief executive’s prior approval(i.e. mode of tendering and administrative approval, constitution of tender
committee ) has been obtained for processing cases including STE, further approval of Chief executive shall not be
required if there is no change in the scope of work , mode of tendering etc. File processing in such cases to be done as per
delegated financial limit as the case may be. Information for finalizing tender on STE to be submitted to MD on monthly
basis.
6. Concurrence of finance after negotiation is not required in cases where delegation of power to be utilized is without CFA.
7. For cases requiring CFA, CS checking by Finance & tendering/Indenting /Operating authority as the case may be , to be
done jointly in cases where estimated value is over Rs. 2 Lakhs.
8. Opening of price bid in normal conditions shall be done after freezing the technical and commercial terms and for other
cases approval has to be taken from Competent Authority
9. Proprietary certificate is required for Proprietary cases and shall be signed by respective HOD / respective GM.
4. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
2/20 Organisation & Methods Deptt.
10. Any Contract including Rate Contract shall not exceed maximum period of three years including extension, if any.
11. Closure of contract should be done as per clause no. 20 of PCP-06, within the time limits specified therein. MIS report for
the cases not finalized within the time frame shall be sent by respective Contract Cell to ACVO and copy to MD for
information on monthly basis.
12. Whenever a contract is extended by the competent authority (within his powers of delegation), the sum of the original award
value of the contract + value of extension(s) shall be taken as the base value for calculation of final deviation.
13. Associate Finance member for Finance concurrence will be as under :
ED(Mines) : GM(F&A)
GMs of Mines area : Concerned DGM(F&A)
DGMs of Mines area : Executive of F&A- Mines A/c not less than E-5 grade
14. The clauses referred to in DOP are as per PCP-2006 alongwith the amendments issued vide No. O&M/ 3529, dt.
28.09.2007. Any further amendments to the PCP-2006, issued if any in future will be deemed to be applicable accordingly.
5. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
3/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
1 Approval of job wise annual Plan
1.1 Approve Annual Plan
for the jobs to be off
loaded contractually as
per clause 2.3.5 of
PCP-06.
• To be prepared one month before
the beginning of each Financial Year.
• To be re-cast within 15 days of
communication of the approved
operation budget.
• Quantum / quantity not required for
rate contract or value based contract
• The proposed job wise plan to be
cleared by a committee which
includes a Finance representative.
• Exercise should be made so as to
reduce the work orders by clubbing
of similar jobs as per clause 2.3.6 of
PCP-06.
• Not to be sub delegated
• Without CFA
Full Powers Nil Nil Nil
1.2 Approve changes in
the annual plan
prepared as above
• Within the overall annual limits of
the approved Annual Business Plan /
Operation
Budget
• Reasons to be recorded
• With CFA
• Not to be sub delegated
Each case Full Powers Nil Nil Nil
6. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
4/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
2 Issuance of administrative approval
2.1. Approve constitution of
screening committees
for proposals under
Revenue Budget
• As per clause no. 3.2 of PCP-06. Full Powers Nil Nil Nil
2.2 To approve
recommendations of
screening committees
• As per clause 3.5 of PCP-06.
Chairman of the committee not less
than E-7.
2.2.2 Revenue works
a Open tender Each case 200 Lakhs 100 Lakhs 60 Lakhs Nil
b Limited Tender Each case 200 Lakhs 40 Lakhs 25Lakhs Nil
c Single Tender Single Tender Enquiries for Other
than Proprietary jobs) should be
issued as an excep tion only, after
recording reasons and with the approval
of CEO.
i Single tender for other
than PSUs /
Government agencies
Where MD’s approval exists Each case 200 Lakhs Nil Nil Nil
Nil
ii Single tender for PSUs
/ Government agencies
Where MD’s approval exists Each case 200 Lakhs 10 Lakhs 5 Lakhs Nil
Nil
d Proprietary cases / Proprietary certificate to be issued as
per guidelines and as per condition of
para 5.4 of PCP-06
Each case 200 Lakhs 5 Lakhs 3 Lakhs Nil
7. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
5/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
2.3 Approve addition /
readjustment / re
appropriation of budget
(within allocated budget
limits.)
• As per PCP-06
• With CFA
• Reasons to be recorded
Each Case Full Powers Nil Nil Nil
3 Tendering and order Placement
3.1 Accord approval from
invitation to finalisation
of tenders and award of
contract for revenue
works
• AMR procedure to be followed for
capital jobs
• NIT to be approved on case to case
basis.
• With CFA
• LTE to be issued to only parties
registered with BSP as per IPSS.
• Where Screening Committee
recommendations are approved
3.1.1 Open tender Each case Full Powers
including the cases
approved by MD
100 Lakhs 60 Lakhs Nil
3.1.2 Limited Tender The delegation is not applicable , in
case of LTE where there are only two
registered parties even after
considering registered parties of
other SAIL plants/ units for similar
items -tender notice to only these two
registered parties shall be issued with
the approval of CEO under
exceptional circumstances
Each case Full Powers
including the cases
approved by MD
40 Lakhs 25 Lakhs Nil
8. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
6/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
3.1.3 Single tender Where approval of MD/ Competent
Authority exists
i Single tender for other
than PSUs /
Government agencies
Each case Full Powers for
cases within own
approving powers
and cases
approved by MD in
principle
7.5 Lakhs 3 Lakhs Nil
ii Single tender for PSUs
/ Government agencies
Each case Full Powers for
cases within own
approving powers
and cases
approved by MD in
principle
10 Lakhs 5 Lakhs Nil
3.1.4 Proprietary cases / As per clause 5.4. of PCP-06
As per guidelines
Each case Full Powers for
cases within own
approving powers
and cases
approved by MD in
principle
10 Lakhs 5 Lakhs Nil
3.2 Approve Opening all
the tenders having less
than (X+2) offers
• As per clause 7.7 of PCP-06
• Not to be sub-delegated
• Without CFA
• Opening of all the tenders having
less than (X+2) offers as per clause
7.7 of PCP-06 over and above the
approval limits of DROs will be with
the approval of CEO
Each case Full Powers for
cases falling within
own approval limits
Nil Nil Nil
9. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
7/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
3.3 Approve for extension
of tender submission
date/ time
• On the request from party/ parties
• With reasons to be recorded.
• Without CFA
Each case Full Powers
irrespective of
financial limits
Full Powers
for cases
within own
approving
powers
Full Powers
for cases
within own
approving
powers
Full Powers for
cases within
own approving
powers
3.4 To approve conducting
negotiations with the
bidder
• As per clause 11 of Amendment to
PCP-06
• Without CFA
Each case Full Powers for
cases within own
approving powers
and cases
approved by MD in
principle
Full Powers
for cases
within own
approving
powers
Full Powers
for cases
within own
approving
powers
Full Powers for
cases within
own approving
powers
3.5 Rejection of offers As
per clause 9.3 of PCP-
06
Approval of CEO is required for cases
which are above the approval limits of
ED(Mines)
Each case Full Powers for
cases within own
approving powers
Nil Nil Nil
3.6 Approve retender /
cancellation of orders
as per clause no.
10.2.1(b) of PCP-06
and retendering in all
cases
Monthly MIS report to ED(Mines) Each case Full Powers
irrespective of
financial limits
Full Powers
for cases
within own
approving
powers
Full Powers
for cases
within own
approving
powers
Full Powers for
cases within
own approving
powers
3.7 Repeat Orders • As per Clause 5.5.1 of PCP-06.
• Third repeat Orders should be in
Exceptional Cases only with the
approval of CEO – after recording
justification .
Each case Maximum 2 repeat
orders including
cases approved by
MD in principle
Nil Nil Nil
3.8 Waiver of Performance
guarantee Bond for the
difference between
quoted value and the
estimated value
• As per clause 10.4 of PCP-06
• With CFA
Each case Full Powers for
cases within own
approving powers
and cases approved
by MD in principle
Nil Nil Nil
10. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
8/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
4 Accord approval from
invitation to finalisation
of emergency job
contract as per clause
No.5.8 of PCP-06
• To be used in exceptional cases
• With CFA
• Reasons to be recorded in writing
leading to emergency job contract
indicating remedial measures for non
recurrence of such instances.
• Monthly MIS to MD
• Not to be sub delegated.
Each case
Annual
Limit
10Lakhs
200 Lakhs
Nil Nil Nil
5 Accord approval for
award of tender for
small value contracts
• Rs. 5000/- to Rs.1,00,000/- in each
case
• As per clause 24 of amendment to
PCP -06
• Subject to budget provision
• Need not be scrutinized by
Screening Committee
Annual
Limit
100 Lakhs 5Lakhs 4 Lakhs 3 Lakhs
6 Extension of contract
period within the
framework of the
contract
• Beyond six months report to be
submitted to MD on consolidated
monthly basis.
• LD as per clause (14) of PCP-06
Each case - Without CFA upto
Rs.5 Lakhs
- With CFA for
contracts
exceeding beyond
Rs.5 Lakhs
including the cases
approved by MD in
principle
-Without
CFA upto 3
Lakhs.
-With CFA
Full Powers
for cases
within own
approving
powers 0nce
-With CFA
Full Powers
for cases
within own
approving
powers 0nce
Nil
11. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
9/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
7 To sanction additional
work /extra items as a
consequence of action
on work order issued
• With CFA .
• Reasons to be recorded in writing
Each case Full Powers upto
15% excess to the
original work order
for cases including
proposals falling
beyond approving
powers of
ED(Mines)
Full Powers
upto 15%
excess to the
original work
order value
or 5Lakhs
whichever is
less
Full Powers
upto 15%
excess to the
original work
order value
or 2Lakhs
whichever is
less
Nil
8 To sanction final /
interim deviations(+/-)
(including extra,
supplementary items
and+/- minor
deviations)
• Revised contract value being within
original approving powers
• Reasons to be recorded in writing
• Subject to budget provision
• No change in the original ranking of
the party due to deviation in the
quantum of work
Each case Full Powers
Without CFA upto
10% of contract
value and with
CFA above 10% of
contract value
Full Powers
with CFA
upto 20% of
the contract
value or
10Lakhs
whichever is
less
Full Powers
with CFA
upto 20% of
the contract
value or
5Lakhs
whichever is
less
Nil
*note: Whenever a contract is extended by the competent authority (within his powers of original award value of the contract + value of extension (s ) shall
be taken as the base value for calculation
9 Foreclosure / short
closure of contract
• With CFA
• In consultation with Law deptt. If
required
• Reasons to be recorded
Full Powers for
cases within the
original approving
powers
Full Powers
for cases
approved by
lower
authority
Nil Nil
12. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
10/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
10 To issue orders against
Rate Contract
• Original Rate Contract to be
approved by MD
• Job is required to be completed as per
work order schedule
• With CFA
• As per procedure in vogue
• Budget exists
10.1 To HSCL on JRR basis Each case 25 Lakhs 15 Lakhs 5 Lakhs Nil
10.2* On item rate basis to
HSCL.
Each case 25 Lakhs 15 Lakhs 5 Lakhs Nil
10.3* On item rate basis to
parties other than
HSCL
Each case 25 Lakhs 10 Lakhs 3 Lakhs Nil
* The above powers stand amended as per the prevailing powers under Rate Contract issued from time to time
11 Approve / amend
matters relating to tax
with or without financial
implications including
waiver of non
submission of
documents in case of
work orders / contracts
Payment of additional statutory levies
due to
• Amendments in the existing tax laws
• Implementation of new tax laws
• Withdrawal of existing tax laws etc.
• With CFA
Each case Full Powers for all
cases including the
cases approved by
MD in principle
Nil Nil Nil
13. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
11/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
12 To approve part
payment against bills
after with holding
amount on account of
non-compliance of
obligations by
contractor as per
contract in r/o various
stages of payment
• Reasons to be recorded in writing
• With CFA
Each case Full Powers for all
cases including the
cases approved by
MD in principle
Nil Nil Nil
13 To sanction interim
payment against
approved extra item
having approved rates
based on joint
measurement , pending
checking & passing of
bill upto 80% of value in
case of PSUs and 70%
in other cases of net
amount of bill
• Reasons to be recorded in writing
• With CFA
• Checking of bill to be completed
within 10 days of such sanction
Each case Full Powers for all
cases including the
cases approved by
MD in principle
Nil Nil Nil
14 Authorise adhoc
payment upto 75% to
PSUs for work done,
escalation and extra
items etc. as per terms
of the contract.
• With CFA
• Based on progress / measurement of
work certified by executing agency.
Each case Full Powers for all
cases including the
cases approved by
MD in principle
Nil Nil Nil
14. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
12/20 Organisation & Methods Deptt.
I POWERS FOR AWARD OF OPERATION AND MAINTENANCE CONTRACTS
(Subject to Budget Provision )
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of Flux Departmental
heads of E-7
grade
15 Sanction tender
advertisement
• As per approved guidelines
• Subject to budget provision
Each case Full Powers for all
cases including the
cases approved by
MD in principle
Full Powers
for cases
within original
approving
powers
Full Powers
for cases
within original
approving
powers
Nil
16 Return / release of
Earnest Money /
Security Deposit
• As per terms and conditions of
contract & successful completion
Each case Full Powers for all
cases including the
cases approved by
MD in principle
Full Powers
for cases
within original
approving
powers
Full Powers
for cases
within original
approving
powers
Full Powers for
cases within
original
approving
powers
15. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
13/20 Organisation & Methods Deptt.
II
PURCHASE POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of
Flux
Departmen
tal heads of
E-7 grade
I Purchase action through Materials Management Deptt.
A Approval of item
wise annual Plan
1 Approval of itemwise
detailed Annual Plan
for the Deptt. /Zone
within the approved
annual Business Plan
for the items to be
purchased annually.
• Overall annual limits to be within the approved Annual
Business Plan / duly concurred by Finance.
• List of ‘Make ‘items to be invariably made every year-
in the beginning of the year, and reviewed by the
committee before recommending the aforesaid plan
• Exercise should be made so as to reduce indents by
clubbing of similar items.
• Without CFA
Not to be sub delegated
Full
Powers
Nil Nil Nil
2 Approve changes in
the annual plan
prepared as above
• Within the overall annual limits of the approved Annual
Business Plan
• To be cleared by the committee
• With CFA
Full
Powers
Nil Nil Nil
B Administrative Approval -
1.1 Approve Constitution
of Screening
Committees.
• For respective areas of work
• As per clause no. 3 of PCP-2K6.
• Not to be sub delegated
Full
Powers
Nil Nil Nil
1.2 Approve
recommendations of
Screening
Committees.
• As per clause 3.5 of PCP-06 Each case 200 Lakhs Nil Nil Nil
16. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
14/20 Organisation & Methods Deptt.
II
PURCHASE POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of
Flux
Departmen
tal heads of
E-7 grade
1.3 Approve addition/ re
adjustment/ re-
appropriation of
budget within
allocated budget
limits.
• As per PCP-06
• With CFA
• Reasons to be recorded.
Each case Full
Powers
Nil Nil Nil
2 Accord administrative
approval for
procurement of items
on proprietary basis
even after three
years of initial
procurement
Proprietary
purchases will be
required to be posted
in SAIL web site.
• Single indent only to be raised for the total quantity
required in an year in respect of the items
manufactured by the OEM( one OEM-One indent)
• In case of more than one indent on one OEM in one
year, ACVO to be informed along with reasons and
measures to be taken for non recurrence
• Justification to be recorded for proprietary procurement
after three years of initial procurement
• Not to be sub delegated.
• Recommendations of the proprietary committee to be
duly approved by ED.
Each case Full
Powers
Nil Nil Nil
3 Accord administrative
approval for
emergency
procurement as per
clause 5.8 of PCP-06
• To be used in exceptional cases
• Reasons to be recorded in writing leading to emergency
procurement
• Non availability or criticality certificate to be issued by the
HOD not below the rank of E-6.
• Left over shelf life of items having limited shelf life shall be
as per clause 6.8 of PCP-06
• Not to be sub delegated.
Each case
Annual
Limit
50000
10 Lakhs
Nil Nil Nil
17. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
15/20 Organisation & Methods Deptt.
II
PURCHASE POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl. No. Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of IOC Head of
Flux
Departmen
tal heads of
E-7 grade
4 Accord administrative
approval for purchase
of small value items
• Rs.5000/- to Rs100000/-
• As per clause 23.2 of PCP-06
• Subject to Budget Provision
Annual Limit 100 Lakhs 7Lakhs 5 Lakhs 4 Lakhs
II DIRECT PURCHASE BY THE DEPTT.
1 To sanction cash
purchase on
emergency basis by
respective DROs
through temporary
advance
• Based on certificate issued by sanctioning authority.
• To be used sparingly
• ‘NA certificate to be obtained from concerned stores
• To be centrally monitored by DROs
• Subject to budget provision
• Monthly MIS to MD
• Reason for emergency to be recorded in writing
• Adjustment voucher to be submitted within 3 days of
purchase.
• No advance to be sanctioned when 3 advances are
pending for submission of adjustment vouchers for any
DRO.
• Indentor to be responsible for procurement / receipt/
quantity and usefulness of the material / payment.
Without CFA Each case
Annual Limit
50000
10 Lakhs
15000
2Lakhs
7500
1 Lakh
5000
50000
With CFA Each case
Annual Limit
1Lakh
20 Lakhs
Nil Nil Nil
18. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
16/20 Organisation & Methods Deptt.
III CONTINGENCY POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl.
No.
Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of
IOC
Head of Flux Departmental
heads of E-7
grade
A Office expenditure
1 Sanction contingent expenditure which normally
include repair of furniture, office equipment,
vehicles, intercom, machineries etc., shifting of
office, purchase of office material, stationery, etc.
• Without CFA
• ‘NA’ certificate from
concerned stores
Each Case
Annual Limit
20000
3Lakhs
7500
75000
5000
50000
2000
20000
2 To incur expenditure on binding & digitalization of
official documents etc.
• With CFA
• ‘NA’ from Printing
Services Deptt
Annual Limit 2 Lakhs 35,000 15000 Nil
B Payment to external agencies for maint./ transportation testing etc.
1 Payment to outside institutions for chemical
testing of drugs & quality control, investigation
samples.
Each case Full
Powers
Nil Nil Nil
2 To sanction expenditure on testing and inspection
by a specialist
Each case Full
Powers
Full
Powers
Full Powers Nil
3 Sanction expenditure for transport of materials in
emergent cases
• With CFA
• Reasons to be recorded
in writing.
Annual Limit 10Lakhs Nil Nil Nil
4 To sanction expenditure in demurrage and
wharfage
• With CFA
• Quarterly report to be
sent to MD
Each case Full
Powers
Nil Nil Nil
5 To hire tools, equipments from outside parties in
emergency
• Rates to be competitive Each case Full
Powers
3 Lakhs 1 Lakh Nil
C Issue of materials
1 To accord approval for repair or maintenance of
stores/ sheds, godowns,.
With CFA Each case Full
Powers
Nil Nil Nil
19. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
17/20 Organisation & Methods Deptt.
III CONTINGENCY POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl.
No.
Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of
IOC
Head of Flux Departmental
heads of E-7
grade
2 Approve issue of material (not covered as per
terms and conditions of the contract) to the
contractor from Stores for enabling the work to be
carried out in time
• With CFA
• At approved rates.
• As per circular No.
O&M/MS-Genl./570 dt.
17.2.07
Each case 50 Lakhs 20000 5000 Nil
3 Issue of euipt. on hire basis ( not covered as per
terms and conditions of contract) to the contractor
for enabling the work to be carried out.
• With CFA
• At approved cost
• As per circular No.
O&M/MS-Genl./ 570 dt.
17.2.07
Each case 50 Lakhs 20000 5000 Nil
D Payment in r/o statutory / PSUs/ Govt./ Govt. deptt. etc.
1 To sanction deployment of Railway staff in Traffic
Deptt. for doing the jobs on behalf of BSP
• Deployment not to exceed
50 persons / Railway
employees at a time.
• Prior approval of MD is
required
• Order to be issued by
Coordination deptt.
Each case Full
Powers
Nil Nil Nil
2 To accept and sanction expenditure for
reimbursement of salary and wages bills for
Railway employees deployed in Traffic deptt.
• Within the sanctioned
deployment
Each case Full
Powers
Full
Powers
Nil Nil
3 To accept and sanction expenditure for outward
freight and inward freight including under charges
payment wherever applicable.
• As per prescribed tariff
rates
• For inward freight
admissible cases only.
Each case Full
Powers
Full
Powers
Nil Nil
4 To sanction hire of loco wagons and other
equipment from the railways and other re-railment
charges and other payments to railways
• Reasons to be recorded.
• With CFA
• Payment subject to rates
agreed / specified.
Each case Full
Powers
Full
Powers
Nil Nil
20. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
18/20 Organisation & Methods Deptt.
III CONTINGENCY POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl.
No.
Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of
IOC
Head of Flux Departmental
heads of E-7
grade
• Monthly MIS to MD
5 To sanction expenditure on obtaining / renewal of
licenses / explosive licenses certification , sealing
fuel dispensing pumps and weigh Bridge / Scale
by Weight & Measures Deptt. of central / State
govt.
Each case Full
Powers
Full
Powers
Full Powers Nil
6 To sanction expenditure of statutory nature on
registration, vehicle tax, insurance, road tax and
other statutory charges & Taxes like Sales tax,
Service tax , Storage License, Lease Deed
Agreement charges etc.
Without CFA Each case Full
Powers
Full
Powers
Full Powers Nil
E Expenditure for welfare/ hospitality etc.
1 Sanction expenditure to be incurred on immediate
safety of employees/plant and machinery within
the works premises
With CFA Each Case
Annual Limit
20000
2 Lakhs
10000
50000
5000
25000
1000
10000
2 To approve arrangement of tea, snacks, working
lunch, during in–house training programmes /
workshops, inauguration and commissioning
functions/ customer meets, audit programmes,
interviews, entertaining inspection officials, etc.
and to staff in exigency.
Subject to budget provision
within the deptt. or budget
of HRD
Each case
Annual Limit
5000
50000
2000
15000
1000
10000
Nil
Nil
3 To approve expenditure for organizing seminars,
celebrating Safety Week / other functions
pertaining to their area.
Each case Full Powers 15000 7500 Nil
4 To entertain outside Bhilai for official purpose Not to be sub delegated Each case
Annual Limit
5000
50000
Nil Nil Nil
5 To sanction issue of hospitality related items Each case upto Rs.2000/-
and Annual Limit of Rs.
40,000/-
Each case Full
Powers
1000
10000
1000
10000
Nil
21. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
19/20 Organisation & Methods Deptt.
III CONTINGENCY POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl.
No.
Nature of Power Conditions Category Extent of Delegation
_____________________________________________________________________________________________________________________
ED/HO
(Mines)
Head of
IOC
Head of Flux Departmental
heads of E-7
grade
Monthly report by LA&PR
deptt. to MD.
Expenditure to be met from
PR budget under hospitality
items
6 To approve provision of company’s vehicle Not to be sub delegated
a Provision of Company’s vehicle or hired vehicle
on approved rates to BSP officials for official visits
to Bhilai Raipur, Rajnandgoan and Captive Mines
of BSP (including Mana Air Port)
Each case Full
Powers
Nil Nil Nil
b Provision of Company’s vehicle or hired vehicle
on approved rates to officials of SAIL Corporate
office and other units of SAIL as per entitlement or
approval, delegates/Auditors/ officials of Govt.
Organisations and VVIPs as under :
Visits to places upto a distance of 300 KM each
way from Ispat Bhawan Bhilai./Mines
Each case Full
Powers
Nil Nil Nil
c To approve allotment of vehicle for funeral
purposes for outstation duties upto 750 KM
Each case Full Powers Full Powers Full Powers Nil
7 To accord approval for treatment as Company’s
Guest (CG) / Guest for Accommodation(GA) at
Bhilai Niwas, Guest House of Mines.i.e providing
boarding, suitable accommodation, and transport
on point to point basis or as per requirement
All proposals will invariably
be routed through
DGM(LA&PR) before
approval.
a Statutory Authorities Each case Full Powers Full Powers Full Powers Nil
b Valuable customers of the company Each case Full Powers Nil Nil Nil
c Foreign personnel / visitors to Bhilai Based on the
recommendations of the
Each case Full Powers Nil Nil Nil
22. Annexure to Office Order No. O&M/ DOP /758, Dt. 21.10.2008
Delegation of Powers to Executives of Mines Area Bhilai Steel Plant
_____________________________________________________________________________________________________________________
20/20 Organisation & Methods Deptt.
III CONTINGENCY POWERS
(Subject to Budget Provision)
(Value in Rupees)
Sl.
No.
Nature of Power Conditions Category Extent of Delegation
ED/HO
(Mines)
Head of
IOC
Head of Flux Departmental
heads of E-7
grade
HoDs and need for such
treatment.
d Chairman/Vice-chairman/ Directors/ Exe.
Directors, SAIL on visit to Bhilai on official
business, CMDs/ Chief Executives of other PSUs
on visit to Bhilai for official business, visitors
invited by SAIL/BSP/Govt.,
members of Crew of Planes landing at Nandini
Airport, Hon’ble Central/State Ministers/ MPS,
Ex. Chairman/Vice Chairman/ Directors/ Exe.
Directors/ Chief Executives of SAIL/erstwhile HSL
and Ex-Chief Executives/Ex-Executives of BSP.
In consultation with
HOD(P&A) /MD
Charges as applicable to
SAIL executives to be
levied in case of other ex-
executives of BSP
excluding ex- ED & above
Hospitality to be provided
keeping in view of the
request of such guests /
visitors.
Each case Full Powers Nil Nil Nil
8 Hosting of official lunches / dinners at Bhilai
Niwas/Bhilai Club/Steel Club/ Guest House of
mines, within the overall budget
Invitation to be issued in the
name of authority hosting
the lunch/ dinner, provided
HoD is present on such
occasion.
i Normal menu Each case Full Powers upto 25
persons
Nil Nil
ii Special Menu Not to be sub delegated Each case Full Powers Nil Nil Nil