No bonds, dcbenturcs or othcr sccuritics shall bc issucd or grantcd in rcspcct of which lhc paymenl of thc prirrcipal and intcrcst is lo bc guaraptccd by thc Govcmment, untrl rhc amount, pricc, rdtc of intcrcst, datc lnd mcthod oi issuc of such security. thc arrangcments for the applicrtion of thc procccds of thc issuc and for the rcpaymcnt of thc procceds.havc bocn prcviously approvcd by thc State Govcriment and no drialion of any sucb rrra8gcDglts shall bc madc without the likc approval of ftc Govcmmcnt.
22. Budget and progranmz ol work<l) Thc Corporatiofi slull stbnit'to th; Govcmmcnt for approval bcforc thc lst day.of Oclobcr of gach ycar thi budgst €stimales and programmc of work for tbc succccding-hreociel ycar. .
(2) The Budga Estimaies shall bc in Form i{ and the programmc of wo*, in Form B.
(3) The Corporation shall also forward to the Govcrnmcnt, with its programme of work, a nole giving thc history and &scription of cach schcmc including thc progress made, txpcndirurc idcurrcd and receipts acclued in, thc prcvious ycar in rcspcct of continuing schcmcs- Thc notc shall, in pa{icular, bring out thc financial implications of cach schcmcs.
2). Matntenance of Accounts and Registcrs.ll) Thc Accounts of thb Corporation shall'bc prcparcd and maintaincd in thc mcrcantilc srstcm of accounring and rcgistcrs ihall be maintaincd in thc forns r'cquircd tbcrdforc.
7 ^
(2) Thc Anrrpaf statemrrt df. Accounr to bc submincd to thc :
Goyeimcnl undcr- srib,section (3f of rcction 20 of thc Ao rhad be in Fomr C.
. (3) Thc Corporation. shhll kcc.p rcgulqr .Accoui.ts and Rcpisters maintaincd^in rcspcat of rll frna+cial ransactions and esscts of fU. Orp'orari"i ul manusl forDat or electronic format as r?quird un&r flre Companics Act, 1956.
Audit ofAccounts- (D The Accounts_of rhc Corporation shall. bc dudited by 6e Gonpu,olla anC Audiror Ocncral of hdia.
24 "(u) 1t9 Cgigtrollcr and Audiror Ccnaal oi'tnjia.or.any person.duly ' r:tborized by. him in,conncction with tha audit of thc accouna of. thc Co,rporation shall havc access, at all rcasona]tc timcs. to all accouotg account boqls, vouchers, docgmenl, urrd.oth", p.i"r, of the Corporation and to reguire information or addiiional.
informaUon to.bc furnishcd to aly persor or .pcrsons asd in su;h form.as thc Comprollcr and Auditbr Geheral, may by gengral or special o$r, direct.
(iii) The Corporation shall scod a copy of the audited accouns ogjther with the commcnts/audit rtpori of the Comptrollcr and A;dit;r General to the Govalnment.
(iv) The Corporation sball appoint interiral auditors on such tcrms and c_onditious as thc Corporation may dccide and drey shr[ submit their rcpott to thc Corporationsas and when demanded by thc. Corporatioo.
(v) Thc Govcruot sball havc powcr lc itrspcct thc iffairs of rhe Corporatiori.
Cmmi IV , . . MISGII-ANEOIJS ,. .
?5. Eviction /rom Corporation premises.-For thc purposc of evicting aay person. fron thc-prcmiscq of $c Corporation in accoidance with thc prD"i:r9,rs of .sub.section (5) of Section 22 oflh" e"t, rhc CompcreDa Authority qay,. if p required, seek thc assistancc. of thc policc.
. .
' . i _ -2$ App" or" iuthirity.-T\c Chairman, Kerala Indusrial Inhastructure Dcvctopmctrt Corporatiofl shall be the appelleie authority under sub-section (4) of rection 2? of thc Acr.
8 2"t. Fom of aPp.als. and apPlicalions.l l) Evcry apPeal frlcd shall bc in Form No. D, and accomPanied by a reaswy rcceipt.for lbc paymed of Ib l00 a3 fees and a copy of thc ordcr appealcd against. .
(2) Thc appeal memoiandum has to be signed by thc party
(3) Every appeal shalt ba prescnlcd o the Chairnan-bi the party cithar in person or by his duly authorizcd. a8art or by- sendiag it 'by registcrcd post with acknowledgement duc or by clcctronic mcans.
(4) On rcceiPt of thc appcal or application, Ohairpan shall endorsc on ii the dare of its receipt and the serial numbcr of thc appcal or applicatioo' . (5) lf any party to thc procccding dics bcforc.t[c disposal'of the appeal, ihe legal ieprcsintatives -of thc deccascd Parti .Tal be impleaded as panies to thc App".i in placc 6f the deceased party providcd an applicatioo for being impleadment is fited within 90 (nioc!y) days of the dcath of thc person concerned failing which the appcal shall abatel P(ovided that thc Appellate Au&ority may condone the delay in fihngthe applicatron if he is satisficd, on thc basis of an application to thal cffect, rhat tirere was sufficicnt causc for not filing such ippticaiion in time:
Provided further that no such apptication. for condoning the delay shall bc ascertained, if it is filcd aftcr thc cxpiry of 30 days from the date on which the normal period for filing appcal cxpircd.
' (6) The eppellate authority may adjouin tbe heariog of the appeal for sufficient reason.
(7) lf a party, in spitc ofduc noticc, does not aPpear at thc hearing of the Appeal, the Appcllatc Authoriiy shall bc cntitlcd to decide thi Appcal expartc.
(8) tf thc ApPcal is disposed of cx-pane and the party tiot appeaing is prejudiced on accouot of the sahe, thc saird party may'apply for rcstoration of itrc-Appcal and re-heanng of thc samc within l0 (thirty) days from 'the datc of receipt of communicatioo of the order in appcat and if the-appcllato authority is satisiied about the gcnurneness of thc grounds, the epp?tlate Autbority may reslore the Appeal and re-hear the samc and pass approprrate ord€rs.
(9) Any order,passed in the appeal shall bc in writing and shall be cornrnunicated to the aggricved party by the Chairmah.
(10) After the disposal of Ihe appcal oo an ajplication by ary of thc parties, rhe documents produced, if any, as evidence shall bc rctumed to him- 9
28. Poy4ent o! ainou.nt dq lrom ,ie lesiees._All amounts duc from kssces of lands, payable under Secrion 34 of rhe Acq slul bc paid ooL b"for" the darcs spccificd i[ thc rcspccrivc Lersc Dcedq and whcrc it rs not so specified, within 7 (3cvcn) working days followiag'tlic nonrh i'n which thc anrount falls duc.