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THE KARNATAKA FINANCIAL CODE, 1958

THE KARNATAKA FINANCIAL code , 1958 NOTIFICATION No. FD I COD 58, dated 1st April 1958 In exercise of the powers conferred by clause (2) of Article 283 of the Constitution of India and in supersession of the Rules contained in the Mysore FINANCIAL code , Volume 1 (1952 Edition) with Appendices and Forms as contained in the Mysore Civil Account code , Volume 1 (1927 Edition) as amended, other than the rules relating to contingent expenditure, the Governor of KARNATAKA , hereby makes the following rules, namely.

THE KARNATAKA FINANCIAL CODE, 1958 NOTIFICATION No. FD I COD 58, dated 1st April 1958 In exercise of the powers conferred by clause (2) of Article 283 of the

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Transcription of THE KARNATAKA FINANCIAL CODE, 1958

1 THE KARNATAKA FINANCIAL code , 1958 NOTIFICATION No. FD I COD 58, dated 1st April 1958 In exercise of the powers conferred by clause (2) of Article 283 of the Constitution of India and in supersession of the Rules contained in the Mysore FINANCIAL code , Volume 1 (1952 Edition) with Appendices and Forms as contained in the Mysore Civil Account code , Volume 1 (1927 Edition) as amended, other than the rules relating to contingent expenditure, the Governor of KARNATAKA , hereby makes the following rules, namely.

2 - CHAPTER - I TITLE AND DEFINITIONS 1. (1) These rules may be called the KARNATAKA FINANCIAL code , 1958. (2) They shall come into force on the First day of July 1958. 1-A. If the Government considers it necessary or expedient so to do for avoiding any hardship or removing any difficulty that may arise as a result of the application of these rules, it may subject to such restrictions and conditions, if any, as it may think fit to impose, dispense with or relax the provisions of any of these rules in any case or class of cases.

3 2. In this code , unless the context requires otherwise the following words and phrases have the meanings hereby assigned to them:- (1) Accountant General means the head of the Office of Audit and Accounts who maintains the accounts of the State and exercise Audit functions in relation to those accounts on behalf of the Government. (2) Abstract Bill .-A bill without details either for contingent or travelling allowance expenditure, paid at a treasury without the scrutiny and countersignature of a controlling authority, to save delay in the discharge of a claim.

4 (3) Budget Calendar means the calendar fixed by Government for the preparation of the budget estimates and for completion of the State Budget of the year (Refer to the Budget Manual). (4) Budget Estimates are the detailed estimates of the receipts and expenditure of a FINANCIAL year. (Refer to the Budget Manual). (5) Cash Order means an order issued by a Treasury Officer for private remittances on another Treasury, of a specified amount to a specified person.

5 (6) Cheque means a written order (not expressed to be payable otherwise than on demand) addressed by a person called the drawer to a Bank or Treasury to pay a specified sum of money to himself or to a third party known as the payee and includes a demand draft drawn on any specified Bank. (7) Controlling Authority means the Head of a department or other departmental officer who is entrusted with the responsibility of controlling the incurring of expenditure and/or the collection of revenue by the subordinate authorities of a department.

6 (8) Disbursing Officer means a Government servant who draws moneys from the Treasury on bills or cheques, but excludes a Government servant who is not the Head of an office and draws only his own pay and allowances from the treasury. (9) FINANCIAL Year means the year beginning with the 1 st April and ending with the following 31st March. (10) Government means the Government of KARNATAKA . (11) Government Servant means any person serving in connection with the affairs of the Government, whether remunerated by salary or not, and includes every person who is authorised to receive, keep, carry or spend moneys on behalf of Government.

7 (12) "Head of a Department" means any authority specially ordered by the Government to be the Head of a Department (vide Appendix 1). (13) Inevitable Payments means money which is indisputably payable. (14) Inspecting Officer means a Government servant who is appointed solely or mainly for performing specified duties of inspection which involve touring the State and does not include a Government servant who performs inspection duties occasionally as part of his general supervision of his subordinates.

8 (15) Lapse of Grant means the expiry at the close of the FINANCIAL year of the sanctioned grant not utilised for expenditure or the unexpended portion of the sanctioned grant, except grants which are specially exempted from the rule of lapse (Refer to the Budget Manual). (16) Local Body means a District Board, a Municipal Council, Village Panchayat, Trust Board, etc. (17) Local Fund means:- (1) the revenues administered by Bodies which come under the control of Government by law or rule having the force of law whether in regard to the proceedings generally or to specific matters such as the sanctioning of their budgets, sanction to the creation or filling up of particulars appointments.

9 The encashment of leave, pensioner similar rules; and (2) the revenues of any body which may be specially notified by the Government of KARNATAKA as such. (18) Major Head means a main head of account for the purpose of recording and classifying receipts and disbursements of moneys that enter into the accounts of Government (Refer to the Budget Manual). (19) Miscellaneous Expenditure means all expenditure other than that falling under pay and allowances, contingencies and works.

10 (20) Proposition Statement means a statement to be submitted to Government setting forth the FINANCIAL effect of a proposal for revision of establishments. (21) Re-appropriation means the transfer of funds from one head of account to another. (Refer to the Budget Manual). (22) Receipts of Government means and includes all moneys received by a Government servant on behalf of the Government, not only the proceeds of taxation and the yield of ordinary revenue but also capital receipts, such as, the proceeds of sales of land.


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