(1) The Corporation may arrange facilities for the storage, warehousing transportation, processing of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities.
(2) the Corporation may also arrange for the following facilities, namely :
(i) chilling, freezing, pre-cooling, cold storage;
(i) packaging, grading, processing, milling, preserving, canning, palletising;
(i) bonded-warehousing, forwarding, handling, loading, unloading, multimodal, transport services, logistics, and notified commodity exchange;
(iv) rail, container, air cargo, airport, shipping, port, road, marine or other transport facilities.
(3) The Corporation may acquire and build godowns and warehouses at such places within the State of Punjab, as it may determine with the previous approval of the Central Warehousing Corporation.
18. Information services - The Corporation may provide information and communication services of latest technology, for promoting storage, warehous_ing, processing of agricultural produce, agricultural implements and notified commodities.”
(69) Scanned by CamScanner PUNJAB STATE WAREHOUSING CORPORATION CHANDIGARH Balance sheet’ as on 31st March ....................
SHARE CAPITAL i) Authorised ..................... Shares of Rs. 100 each ........................ Shares of Rs. 100 each iii) Subscribed shares of Rs. 100 each by:
State Government.
Central Warehousing Corporation Paid up shares of Rs.. 100 each fully paid.
CALLS IN ARREARS.
Reserve Fund Under Section 30(1)Opening Balance Addition during the year.
DEPRECIATION RESERVE FUNDS OTHER RESERVES Bad and doubtful Fund under Sectién 30(2) Bonds and Debentures:
BORROWING FROM :
i) Reserve Bank of India under Section 27(2)(i) ii) State Bank of India under Section 27 (2)(i) iii) State Government under Section (27)(3) iv) Central Warehousing Corporation under section 27(3).
ADVANCES RECEIVED FOR PURCHASE OF AGRICULTURAL COMMODITIES.
LIABILITIES UNDER GUARANTEE BY GOVERNMENT PROVISION FOR TAXATION.
Other Liabilities.
(a) Sundries Creditors
(b) Income Tax Payable
(c) Salaries and allowances payable
(d) Due to Directors
(e) Security deposit ® Staff Income tax.
(9) Proposed dividend (subject to deduction’ of tax).
Suspenses.
CASH IN HAND
(a) Head Office
(b) At Warehouses
(c) Intransit
(d) Postage stamps in hand.
CASH IN BANKS
(a) Atcalldepositwith State Cooperative Bank.
(b) Atfixed deposit with State Bank Patiala/ State Bank of India.
(c) On currentaccounts with Central Co-op. Bank, State Bank of Patiala and Punjab National Bank, etc.
(d) C.PEBank accountwith State Bank of Patiala INVESTMENTS
(a) Central Government Securities
(b) State Government Securities
(c) Sharesin Central Warehousing Corporation GUARANTEE BY GOVERNMENT;
FIXED ASSETS
(a) Land
(b) Buildings
(c) Godowns and Warehouses DEAD STOCKS Advances to cooperative Institutions for purchase of Agricultural commodities under section 24(1) ESTIMATED VALUE OF STOCKS Held as Agents of Government. Other items
(a) Interest accrued on deposits.
(b) Chemicals and other Materials in stocks. (c) Stationer in hand.
(d Prepared expenses
(e) Judicial Stamps in hand.
(f) Construction advances to PWD (Pb.)
(9) Storage charges recoverable
(h) Account recoverable from Managing Director
(i) Expenses recoverable from Ministry of Food and Agriculture, New Delhi
(j) Expenses recoverable from Food Deptt. Punjab
(k) Etc.
(70) Scanned by CamScanner PUNJAB STATE FORM B (See Rule 13) WAREHOUSING CORPORATION CHANDIGARH profit and Loss Account for the year ending 31st March — Expenditure mcome Previous Year Current Year Previous Year Current Year Rs. Rs. Rs. Rs.
1. Intereston 1. Warehousing Corporation.
(a) Loans from Reserve Bank of India 2. Intereston
(b) State Bank of India (a) Securities
(c) Central Government (b) Bank Accounts
(d) Central Warehousing Corporation (c) Loan and
(e) State Government
(f) Bonds
(9) Debentures
2.(a) Establishment
(b) Employees Contribution to Staff provident Fund
3. Directors Remuneration Fee TA efc.
4.Rents, rates and taxes.
5. Insurances.
6. Chemicals consumed.
7.Warehouse Licence Fees
8. Repairs and maintenance
9. Auditors fee or remuneration
10. Stationery and printing
1. Depreciations (including depreciation of fumniture)
12. Publicity and propaganda
13. Miscellaneous expenses
14. Other items Net Profit
(d) Advances
3. Dividend on shares held
4. Otherincome including agency commission.
NetLoss Profitand Loss appropriate Account. To
(a) Income Tax
(b) Dividend
(c) Reserves ) ii) By Profitand Loss Account Total : Total:
(71) Scanned by CamScanner 74(2) of the Income Tax Rules, 1962 as amended from time to time (Appendix 1)) year and at the 31st March and an audited statement of the account will be sub to a meeting of the Committee to be held not later than the 31st August, in eve and a copy of such statement shall be made available to every subscriber.
7. SUBSCRIBER TO FUND :- Every employee of the Corporation shall subscribe to the fund :
every mitted 1y year (@) In case of an employee who has completed period of his probation ang one years continuous service at the time of commencement of these ] regulations, from the date of such commencement. |
(b) In any other case from the beginning of the month following that in which he completes one years’ continuous service or from the beginning of the month following that in which he completes his period of probation which ever is later.
Provided that any person in recei remuneration from the Corporation may sul Committee.
8. RATE OF SUBSCRIPTION: The subscriber shall subscribe monthly to the fund at such rate of his pay (not being less than 10%) as may be fixed by him from time to time. Such subscription shall be deducted by the corporation, from the pay payable to the Subscriber every month in amounts calculated to the nearest rupee. The Corporation’s contribution will remain fixed as provided by Regulation 10. Within the above limits, the subscriber can change the rate of subscription with effect from 1st April of each year. The rate once fixed shall remain unaltered throu9.9out the year. (As amended vide no. PWC/COML./C-5/98/53032 dated 1.4.1994) f/
9. SUBSCRIPTION OF SUBSCRIBER ON LEAV absent on leave shall, during the period of such absence pt of remuneration other that casual bscribe to the fund if so permitted by the T responsible for paying him. 10. CORPORATION’S CONTRIBUTION: Save as otherwise provided, the Corporation shall contribute to the fund every month @ 10% of the pay of each subscriber as employer's contribution to the fund provided that no such contribution shall be made by the Corporation in respect of subscriber who has been permitted to subscribe under provision to Regulation 7.
(2) Not withstanding an immediately before hj allowed employer's contribution af the date of his entry in such service, if,
(i) Before the date of such entry into the servi ; ice he was a subscriber to any provident fund recognized under the Income Tax Act, 1961 (43 of 1961);
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