Every balance sheet, and every profit and loss account of the Corporation shall be signed be signed on behalf of the Board of Director by the Financial Controller and by not less than two Director of the Corporation, one of whom shall be the Managing Director, before these are submitted to the auditors for their reports thereon.
19. Profit and loss account to be annexed and auditor’s report to be attached to balance sheet - The profit and loss account shall be annexed to the balance-sheet and auditor’s report( including the auditors separate, special or supplementary report, if any) shall be attached thereto.
20. Board’s Report-
(1) The report on the working of the Corporation during the financial year, required to be furnished to the Government , under sub-section (4) of section 23 of the Act shall be with respect to:-
(a) The state of the Corporation’s affairs.
(b) The amount, if any, which it proposes to carry to any reserves in such balance sheet.
(c) Material charge and commitments, if any affecting the financial positions of the Corporation which have occurred between the and of the financial year of the Corporation to which the balance sheet relates and the date of the report.
(2) (a) The report of the Board of Director shall also include a statement showing the name of every employee of the Corporation.
(i) If employee throughout the financial year, was in receipt of remuneration for that year, which in the aggregate was not less than rupees one lac;or
(ii) If employee for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in the aggregate was not less than rupees six thousand ;or
(iii) If employee throughout the financial years or part thereof, was in receipt of remuneration in that year which , in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the Managing Director.
(b) The Statement referred to in clause (a) shall also indicate-
(i) Whether any such employee is a relative of any Director of the Corporation and if so, the name of such Director; and
(ii) Any former names or name and surname in full, nationality usual residential address, date of birth educational qualifications, record of employment during the preceding ten years and terms of remuneration therefore date of appointment and date of cessation (if any);
Explanation - For the purpose of sub-rule (2) (a), “remuneration” shall include any expenditure incurred by the Corporation:-
(a) In respect of any rent-free accommodation, or any other benefit or amenity, fee of charge, in respect of the accommodation to the employee.
(b) In respect of any other benefit or amenity free of charge or at a concessional rate, to the employee.
( c) In respect of any obligation or service , which but for such expenditure by the Corporation would have been incurred by the employee; and
(d) To effect any insurance on the life of, or to provide any pension provident fund annuity or gratuity for, the employee or his spouse or child.
3. The board shall also be bound to give the complete information and explanation in it report as aforesaid, in an addendum to that report, on every remark contained in the auditors report.
4. The board’s report and any addendum thereto shall be signed by its Chairman if he is authorized in that behalf by the Board; and where he is not so authorized shall be signed by two “Director authorized by the Board”.
In the said rules, for Forms ‘B’, ‘C’, ‘D’ and ‘E’ the following forms shall be substituted, namely :- FORM ‘A’ (See Rule 12) Recovery Certificate From The Managing Director, Punjab Ex-Servicemen Corporation Chandigarh To, The Collector, ________________ Dated Chandigarh, the A sum of Rs. ……………………. Is payable, on account of ………………………… by ………………………….. son of ……………………………..resident of ……………………………….
Presently believed to be at …………………………………. And to have property comprising of ………………………………………………..at…………………………………tehsil ……..…………… ……………………………. in your district.
2. Under the Punjab Ex-Servicemen Corporation Act, 1978, the said sum is recoverable by you as if it were an arrear of land revenue, which had accrued in your own district. You are hereby requested to recover it, and remit it to office at ……………………….
Managing Director Form ‘B’ [Rule 17 (2)] THE PUNJAB EX-SERVICEMEN CORPORATION, CHANDIGARH Financial Year Statement of loans advanced /recoverable/recovered as on 31st March, ______ Sr No Category of loan Amount recoverable at the beginning of the year Falling due for recovery during the year Amount recovered during the year Amount which recovered during the year through Recovery certificate Amount recoverable at the close of the year No of Cases Amount No of Cases Amount No of Cases Amount No of Cases Amount No of Cases Amount 1 2 3 4 5 6 7 8 9 10 11 12
1. Agriculture Development :
2. Marketing and processing :
3. Small scale industries :
4. Supply and storage :
5. Building construction :
6. Transport :
7. Miscellaneous :
Total :
Form ‘C’ [Rule 17 (2)] THE PUNJAB EX-SERVICEMEN CORPORATION, CHANDIGARH Financial Year Statement of cases of the actions taken under rules 11 and 12 as on 31st March, ______ Sr.
No.
Category of loan As at the beginning of the financial year During the year under report Age wise Classification of Recovery Certificates Application under rule II filed before the sub Divisional Officer (Civil) Recovery Certificate granted by the Collector under rule 12 but recovery yet to be effected Application under rule 11 filed before the Sub-Divisional Officer (Civil) Recovery Certificates granted by the collector under rule 12 Recovery during the year against cases reported in column 5 and 9 Granted during the financial year immediately proceeding year under report Granted during the earlier period No of Cases A m ou nt No of Cases A m ou nt No of Cases A m ou nt No of Cases A m ou nt No of Cases A m ou nt No of Cases A m ou nt No of Cas es A m ou nt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1 Agriculture Development :
2 Marketing and processing :
3 Small scale industries :
4 Supply and storage :
5 Building construction :
6 Transport :
7 Miscellaneous :
Total :
Form ‘D’ [Rule 17 (2)] THE PUNJAB EX-SERVICEMEN CORPORATION, CHANDIGARH Financial Year Statement of loans in excess of Rs, 50,000/- advanced , outstanding, in default as on 31st March, ______ Sr.
No.
Name and Address of loanees Purpose loan Amount Advanced Amount Recovered Amount recoverable during the year Amount recovered during the year Case which fell in to default Whether Whether Application recovery Filed before certificate Sub Divisional granted by Officer (civil) Collector Remarks 1 2 3 4 5 6 7 8 9 10 DALJIT JAIJEE Secretary to Government of Punjab Department of Defence Service Welfare Form ‘E’ (Rule 17(2)) THE PUNJAB EX-SERVICEMEN CORPORATION CHANDIGARH Profits and loss Account for the year ending as on the 31st Match. ________ Sr No Category of loan Balance as per previous year No. Amount Loans advanced during the year No. Amount Total No. Amount Amount of Loan No. Amount Net Amount of Loan Outstanding at the close of the year No. Amount Rs. Rs. Rs. Rs. Rs.
1. Agriculture Development :
2. Marketing and processing :
3. Small scale industries :
4. Supply and storage :
5. Building construction :
6. Transport :
7. Miscellaneous :
Total :
GOVERNMENT OF PUNJAB DEPARTMENT OF DEFENCE SERVICES WELFARE (DEFENCE WELFARE BRANCH) ORDER OF THE GOVERNMENT OF PUNJAB In accordance with the provisions made under rule 3 of the Punjab Ex-Servicemen Corporation (General) Rules, 1982 , as amended vide notification No 14/12/94-*DW/1687 dated: the 16th August , 1999, sanction is hereby accorded to grant with effect from 06.03.1998 the following service of pay to the Chairman and the Managing Director of the Punjab Ex-Servicemen Corporation:- Name of Post Scale of Pay i) Chairman Rs. 16,350 – 20,100 ii) Managing Director Rs. 14,300 – 18,600
2. This issues with the concurrence of the Department of Finance conveyed vide ID.No. 17/75/98-3FE- 6/12, dated 14.06.1999, Dated: Chandigarh GURBINDER CHAHAL Sept. 13, 1999 Principal Secretary to Govt. of Punjab Department of Defence Services, welfare.
Endorsement No. 14/12/94-3DW/ Dated Chandigarh, Sept. 1999 A copy alongwith a copy of the Notification No. 14/12/94-3DW/1681 dated 16.08199 is forwarded to the following for information and necessary action.
1. Accountant General (A&F) Punjab, Chandigarh
2. Accountant General (Audit), Punjab Chandigarh A copy alongwith a copy of the Notification No 14/12/94-3DW/1681 dated 16.08.1999 is forwarded to the Department of Finance for information with reference to their id No 17/75/98-3 FE-6.12 dated 4.061999.
Superintendent To The Department of Finance Finance Expenditurer-6, Branch ID NO 14/12/94-3DW Dated, chd, the sept. 1999 GOVERNMENT OF PUNJAB DEPARTMENT OF DEFENCE SERVICES WELFARE (DEFENCE WELFARE BRANCH) ORDER OF GOVERNOR OF PUNJAB In accordance with the provisions made under rule 3 of the Punjab Ex-Servicemen Corporation (General) Rules, 1982 , as amended vide notification No 14/12/94-DW/1681 dated 16 Aug 1999, sanction is hereby accorded to grant the following revised scale of pay to the Chairman and the Managing Director of the Punjab Ex-Servicemen Corporation:- Ser No. Name of Post Scale of pay Grade Pay Initial Pay
1. Chairman Rs. 37400-67000 8900 48590
2. Managing Director Rs. 37400-67000 8700 46100
2. The Pay Scales are revised with effect from the First day of January, 2006 in accordance with Government of Punjab, Department of Finance Notification No. 5/10/2009-5FP-1/207 dated 27th May, 2009.
Dated: Chandigarh the Surinderjit Singh Sandhu 18 May, 2010 Secretary to Govt. of Punjab Department of Defence Services, welfare.
Endst No. 14/9/94-3DW/ Dated Chandigarh