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[Cites 0, Cited by 0] [Section 3] [Entire Act]

Union of India - Subsection

Section 3(4) in The Central Electricity Regulatory Commission (Form of Annual Statement of Accounts and Records) Rules, 2007

(4)
(i)The Central Commission shill prepare the following accounts in the forms mentioned below:-
(a)Receipt and Payment Accounts in Form A;
(b)Income and Expenditure Accounts in Form B;
(c)Balance Sheet in Form C.
(ii)The authorised signatory to sign and authenticate the Receipt and Payment Accounts', 'Income and Expenditure Accounts' and 'Balance Sheet' shall be the Secretary of the Commission.
(iii)The annual statement of accounts shall be submitted to the Audit Officer on or before the 30th June following the year to which the accounts relate and the Audit Officer shall audit the accounts of the Central Commission and report thereon.
(iv)The Central Commission shall, on receipt of the audit report, correct any defect or irregularity pointed out therein and report to the Central Government and the Audit Officer about the action taken by it thereon.
Form - AReceipt and Payment Accounts for the Period/year Ended___________(Amount - Rs)
Receipts Current Year Previous Year Payments Current Year Previous Year
1. To Opening Balances(a) Cash in Hand(b)Bank Balance(i) In CurrentAccounts(ii) In Deposit Accounts(iii) Saving Accounts     1.By Expenses(a) Establishmentexpenses(i) Salaries(Chairman & Members) of the Commission)(ii) Salaries(Officers and establishment) (iii) Allowances and Bonus(iv)Payment for professional and other services(b) Travel Expenses(i) ForeignTravels(ii) Domestic Travels(c) OvertimeAllowance(d) Medical and Health care facilities(e) Otherestablishment charges(i) Tuition fees (ii)LTC(iii) Any other (to be specified)(f) Contribution toProvident Fund(g) Contribution to Other Funds (to bespecified)(h) Staff welfare expenses(i) Expenses onemployees' retirement and terminal benefits    
2.To Grants Received(a) From Min ofPower(b) From State Government(c) From Other Sources(Details) (Grants for Capital and Revenue Expenditure to be shownseparately)     2.By Administrative expenses(a) Purchases(b)Labour and rocessing expenses(c) Cartage and CarriageInwards(d) Electricity & power(e) Water charges(f)Insurance(g) Repair and maintenance(h) Excise Duty(I)Rent, Rates and Taxes(j) Vehicles Running and Maintenance(k)Postage, Telephone and Communication Charges(l) Printing andStationery(m) Travelling and Conveyance Expenses(n)Expenses on Seminar/Workshops(o) Subscription Expenses(p)Expenses on Fee(q) Auditors Remuneration/Legal Fee(r)Hospitality Expenses(s) Professional Charges(t) Provisionfor Bad and Doubtful Debts/Advances(u) Irrecoverable Balancesreturn off(v) Packing Charges(w) Freight and ForwardingExpenses(x) Distribution Expenses(y) Advertisement andPublicity(z) Others (to be specified)    
3.To Income on Investments from(a) Earmarked/EndowFunds(a) Own Funds (Other investments)     3.By Investments and Deposits Made(i) Investments(ii)Deposits(a) SecurityDeposit(b) Earnest Money Deposit    
4.To Receipts of the Commission(a)InterestReceived(i) On Bankdeposits(ii) On Loans, advances to employees etc.(iii)Sale of Publications(iv) Sale of Newspapers(v) Feecharged by the Commission(vi) Contributions of Medical,Health care beneficiaries(vii) Miscellaneous receipts(b) Investments(i) To Face value ofinvestment(ii) To Interests on investment     4. (I)By Advancesto Staff(a)House Building Advance(b) Motor Car/Personal ComputerAdvance(c) Scooter/Motor Cycle Advance(d) Other Advances(to be specified)(II)By Contingent Advances(a)Advance to CPWD(b) Advance to Suppliers/Contractors(c)Other Advances (to be specified)(III)By Other Adjustments/Remittances(a) GPF/CPF etc.recovered from the deputationists.(b) Licence fee(c)Income Tax(d) Sales Tax(e) Central Govt. HealthScheme(f) Postal Life Insurance(g) CGEGIS/CEEIS(h)House building advances(i) Motor Car/Computer Advances(j)Scooter/Motor Cycle Advances(k) Other recoveries (to bespecified)    
5. To Debt/Deposit Receipts(a) Recovery ofadvance from staff(i) House Buildingadvance(ii) Motor Car/personal computer advance(iii)Scooter/Motor cycle advance(iv) Other advances (to bespecified)(v) Recoupment of GPF Advance paid todeputationists.(b) Recovery ofcontingent advances(i) Advances toCPWD(ii) Advances to suppliers(iii) Other Advances (to bespecified).(c) Other Deposits(i) Securitydeposit(ii) Earnest Money deposit(iii) Any other deposit(to be specified)     5. By Contributions(a) Pension andGratuity(b) Leave Salary & Pension Contributions(c)Other Contribution (to be specified)    
6.To Reminttance Receipts(a) Recovery fromdeputationists(b) Licence Fee(c) Income Tax(d)Surcharge(e) Sales Tax(f) Central Govt Health Scheme(g)Postal Life Insurance(h) Central Govt Employees GroupInsurance Scheme(i) Any other (to be specified)     6.By Expenditure on Fixed Assets and CapitalWork-in-progress(a) Land(b)Buildings(c) Furniture & Equipment(d) Machinery &Equipment(e) Motor Vehicles(f) Books &Publications(g) Any other (to be specified)    
      7.By Closing Balances(a) Cash in Hand(b)Bank Balances(i) In CurrentAccounts(ii) In Deposit Accounts(iii) Savings Accounts    
Total     Total    
Internal Financial Adviser Secretary Member (Finance) Chairman
Form - BIncome and Expenditure Accountsfor the Period/year Ended__________________(Amount - Rs)
Income Schedule Current Year Previous Year
1. By Grants/Subsidies1.1 Ministry of Power1.2 OtherSources (to be specified) 12    
2. By Sales/Services 13    
3. By Seminars and Conferences      
4. By Consultancy      
5. By Fees/Subscriptions/fines5.1 Fee for Petitions5.2 OtherCharges5.3 Fines5.4 Any other (to be specified) 14    
6. By Investment (Income on invest, from earmarked/endow fundstransferred to funds). 15    
7. By Royalty, Publications etc.7.1 Royalty7.2 Publications 16    
8. By Interest8.1 Interest on Deposits (to bespecified)8.2 Interest on Loans and Advances8.3 Intereston Investment8.4 Interest on Cash at Bank8.5 Any other(to be specified) 17    
9. By Other Income9.1 Medical Health Carefacilities9.2 Sale of Newspapers9.3 Gifts9.4 Gains onsale of assets9.5 Staff Car recoveries 18    
10. By Increase/(Decrease) in stock of finished goods and Work– in - Progress 19    
11. By Excess of Expenditure over Income(transferred toCapital fund account)      
12 Total (A)      
Expenditure Schedule Current Year Previous Year
1. To Establishment Expenses1.1 Pay & Allowances ofChairperson & Members1.2 Pay & Allowances of officersand establishments1.3 Pay & Allowances of Staff1.4Honorarium1.5 Overtime Allowance1.6 Medical and HealthCare facilities1.7 Bonus1.8 Any Other EstablishmentCharges (to be specified) 20    
2. To Payment on Professional & Other Services      
3. To Travel Expenses3.1 Domestic Travels –Chairman, Members & Other Officers- Staff3.2 ForeignTravels – Chairman, Members & Other Officers- Staff      
4. To Other Administrative Expenses, etc4.1 Seminar and Conference4.2Telephone and Fax4.3 Rent, Rate & Taxes4.4 NewsPaper/Periodicals4.5 Advertisement and Publicity4.6Postage and Telegram4.7 Liveries4.8 Water &Electricity 4.9 Any other (to be specified) 21    
5. To Stationer & Printing5.1 Stationery5.2 Printing      
6. To Publications      
7. To Miscellaneous and Other Expenses      
8. To Repair and Maintenance8.1 Buildings8.2 Machinery &Equipment8.3 Furniture & Fixture8.4 Vehicles      
9. To Petrol & Lubricants      
10. To Hospitality Expenses      
11. To Audit Fees      
12. To Legal Charges      
13. To Provident Fund & Other Contributions13.1 Pension &Gratuity (including Commuted Value of Pension)13.2Contribution to CPF13.3 Deposit Linked Insurance Scheme13.4Pension Contribution13.5 Leave Salary Contribution13.6Gratuity Contribution      
14. To Interest14.1 Interest on GPF14.2Interest on CPF14.3 Any Other (to be specified)      
15. To Group Insurance Scheme15.1 CGESIS –Saving Fund- Insurance Fund15.2 CGEIS – SavingFund- Insurance Fund      
16. To Depreciation      
17. To Loss on sale of Assets      
18. To Bad-debts return of      
19. To Excess of Income over Expenditure (Transferred toCapital Fund Account)      
20. Total (B)      
Internal Financial Adviser Secretary Member (Finance) Chairman
Form - CBalance Sheetfor the Period/Year Ended_____________(Amount Rs.)
Corpus/Capital Fund and Liabilities Schedule Current Year Previous Year
1. Corpus/Capital Fund 1    
2. Add excess of Income over Expenditure/Less excess ofExpenditure over Income 2    
3. Other Funds3.1 Provident Funds3.2 Others(to be specified)      
4. Reserves and Surplus      
5. Earmarked/Endowment Funds 3    
6. Secured Loans and Borrowings6.1 From government6.2 FromOthers 4    
7. Unsecured Loans and Borrowings 5    
8. Deferred Credit Liabilities 6    
9. Current Liabilities and Provisions 7    
Total      
Assets      
1. Fixed Assets 8    
2. Investments – From Earmarked/Endowment Funds of CERC 9    
3. Capital Work-in-Progress      
4. Advances4.1 Festival Advance.4.2 OtherAdvance (to be specified) 13    
5. Deposits5.1 Security Deposits5.2Petrol Account5.3 Telephone Account5.4 Any other (to bespecified) 14    
6. Loans and Advances 15    
7. Gifts and Donations 16    
8. Sundry Debtors 17    
9. Payment Made to CPWD for Works 18    
10. Cash and Bank Balance10.1 Cash at Bank10.2 Cash inHand103. Imprest 19    
11. Other Current Assets 20    
Total      
Internal Financial Adviser Secretary Member (Finance) Chairman