REVENUE AND INDUSTRIES.

DEPARTMENT

Notification

Sachivalaya, Ahmedabad--15, 22nd August 1963.

GUJARAT INDUSTRIAL DEVELOPMENT RULES, 1963

GUJARAT INDUSTRIAL DEVELOPMENT ACT, 1962.

No. IND/1662/35630-GIl.- In exercise of the powers conferred by Section 53 of the Gujarat

Industrial Development Act, 1962 (Guj. XXIII of 1962) and of all other powers enabling it in
this behalf, the Government of Gujarat hereby makes the following Rules, namely:-

CHAPTER I

PRELIMINARY

1. Short Title:- These rules may be called the Gujarat Industrial Development Rules, 1963.
2. Definitions:- In this rules, unless there is anything repugnant in the subject or context-

(a) "the Act" means the Gujarat Industrial Development Act, 1962
(b) 1["Managing Director”] means the officer appointed by the State Government as the

'[Managing Director] of the Corporation Under Sub-section (1) of Section 12;

_____________________________________________________________

1. These words were substituted for the words, “Chief Executive Officer” by Notification
No.GHU/88/42/GAD/1486/3054/G1 dated 4.10.88.

1
 (c) "Chief Accounts Officer" means the officer appointed by the State Government
as the Chief Accounts Officer of the Corporation under Sub-section (1) of Section 12;

(d) "Form" means a form appended to these rules;

(e) "non-official 5(director) means a 5[director] of the Corporation nominated

under clauses (b), (c) or (d) of sub-section (1) of Section 4;

(f) "regulations" means the regulations made by the Corporation under Section 54;

(g) "Section" means a Section of the Act.

CHAPTER II

REMUNERATION OF 7[DIRETORS] OF THE CORPORATION

1
[3. Travelling Allowance to 6[directors]:- A non-official 5[director] when he
undertakes Journey in connection with the work of the Corporation shall be entitled to
travelling allowance, which shall consist of-
(a) mileage allowance as fellows:-

(i) if he travels by rail, the actual fare of the accommodation used:

(ii) if he travels by air, the actual air-fair;

2
[(iii) if he travels by road; the provisions of the rules and orders regarding
mileage allowance as may be amended from time to time and applicable to a
Government servant of the first grade, shall mutatis mutandis apply.]
3
[(b) Rs.7(100/-) by way of incidental charges in respect of each journey that is to
say, journey undertaken to attend the aforesaid work and return journey in respect of
each day in case of stay within the State and Rs.7(150/-) per day in case of halt
outside the State. However, if a 5[director] is required to stay in a hotel, then he
should be reimbursed 4[fully the actual expenditure incurred by him for his acco-
mmodation, in the hotel] and in that case his daily allowance, shall be reduced to
Rs.30/-- per day.]

_____________________________________________________
1. This was substituted by Notification No.GHU-176/IND-1669/5414/G dated 12.10.1970.
2. In Rule : 3(a) (iii) earlier mileage allowance was “50 paise” which was substituted by the figure & word,
“”55 paise” by Notification No.GHU/73/55 /IND/1669/6956/CH dated 4.6.1973. Subsequently by
Notification No.GHU/7/48/GID/1473/625/CH dated 12.02.1974 for the word “55 paise”, the words “one
rupee” was substituted and by Notification No.GHU-76-77-GID-1775-4771-CH dated 17.08.1976 “90
paise per Kilometre” was substituted. Subsequently by corrigendum Notification No.GHU-76-77/4777-
CH dated 7.8.1976. Rectification in the Notification were made. Lastly by Notification No.GHU-
82(31)-GID-1479-6450-G-I dated 17.4.1982, this sub-rule is substituted.
3. This was substituted by Notification No.GHU-76-77-GID-1775-4771-CH dated 17.8.1976.
4. These words were substituted for the words, letters and figures “a maximum amount of Rs.100/- per
day”, by Notification No.GHU-86(14)-GID-1079-2233-G-1 dated 20.3.1986.
5. This word was substituted for the word “Member” by Notification No.GHU/88/42/GID/1486/3054/G1
dated 4.10.1988.
6. This word is substituted for the word, “Members” by Notification ibid.
7. These figures were substituted for figures, “35” and “50” respectively by the Notification No.
GHU/90/(82)/GID-1489(6)2091-G1 dated 17.12.90 published in GGG Part IV-B dated 27.12.1990 at
page No.284-285.

2
 1
[(2) An official 4[director] when he undertakes journey in connection
with the work. of the Corporation, he shall. be entitled to travelling and
daily allowance as may be available to a non-official 4[director].

(3) A 4[director] whether official or non-official shall be eligible to draw.

conveyance allowance at the rate of Rs l/-per kilometre subject to limit of Rs.15/-
per day for distance actually travelled in the city of Ahmedabad in connection with
any work of the Corporation.

(4:) (a) The Corporation at the request of the 4[director] grant him an advance
against the travelling allowance not exceeding estimated amount of the expenses for
the journey to be undertaken by him,

(b) The amount granted as an advance shall be recovered in full from the
amount of travelling allowance payable to him.

(5) A bill of travelling allowance, daily allowance or as the case may be,
conveyance allowance claimed under this rule shall be countersigned, when such
allowance is claimed-

(a) by the Chairman, by the Chairman himself; .

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[(b) by the Vice-Chairman or by a. non-official 4[director] by the 5[Managing
Director] and .

(c) by an official 4[director] by the official 4[director] himself, before such

bill is submitted for audit and payment.]
2
[3A. Salary and allowances to whole time Official 4[Directors] – (l) Where
an official 4[director] nominated under clause (a). of Sub-section (1) of Section 4, is
the whole time 4[director] or whole time 4[director] and Chairman of the
Corporation, he shall be entitled to draw the same salary and allowances as he
would have drawn in the post which he would have held if he were not nominated
as such official 4[director].

Provided that:-

(a) Travelling and daily allowance payable to him shall be regulated by Sub-
rule (2) of rule 3; and

(b) He shall not be entitled to any payment under rule 4B.

(2) Where an official 4[director] nominated under clause (a) of Subsection (1)
is not a whole time 4[director] he shall be entitled to draw allowances as provided
in rules 3 and 4B.]
__________________________________________________________

1. This was substituted by Notification No.GHU-176/IND-1669/5414/G dated 12.10.1970 and

subsequently substituted and by Notification No.GHU-76-77-GID-1775-4771-CH dated 17.08.1976.
2. The Rule 3A was inserted by Notification No.GHU/74/68/GID/1074/8175/CH dated 26.7.1974.
3. This was substituted by Notification No.GHU/75/103/GID/1775/8442/CH dated 12.9.1975.
4. These words were substituted for the words “Member” or “Members” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.
5. These words were substituted for the words, “Chief Executive Officer” by Notification ibid.

3
2 5
[4. Compensatory Allowance to non-official [director]:-
In attending a meeting of
the Corporation or of a Committee of the Corporation, a non-official 5[director] shall
be entitled 4[with effect from 19th January, 1972] to compensatory allowance, which
shall consist of the following, namely:-

(i) if a meeting be a meeting of the Corporation Rs.100/- for each day on which he
attends such meeting;

(ii) if a meeting be a meeting of a Committee Rs.50/- for each day on which he attends
such meeting.

(iii) travelling allowance admissible under rule 3;

(iv) conveyance allowance admissible under rule 3,

Provided that he shall not draw any additional compensatory allowance for any day for
attending a meeting of a Committee; if he on the same day, has earlier attended, the
meeting of the Corporation or the meeting of any other Committee.]

[4A. Travelling allowance to 5[director] of advisory Committees constituted. by the

Corporation:- The 5[director] of the Advisory Committees, other than officers of
Government shall be entitled to travelling allowance at the rate admissible to the non-
official 5[director] of the Corporation provided that they shall not be entitled to any
sitting fee]
3
[4B. Payment to official 5[director]: In attending a meeting of the Corporation or of a
committee of the Corporation an official 5[director] nominated under clause (a) of
sub-section (I) of Section 4 shall be entitled 4[with effect from 19th January, 1972] to
payment as follows:-

(i) . If a meeting be a meeting of the Corporation, Rs.100/- for each day on which he
attends such meeting:

(ii) If a meeting be a meeting of the Committee, Rs.50/-- for each day on which he
attends such meeting;

Provided that he shall not draw any additional payment for any day for attending the
meeting of a committee, if on the same day he has earlier attended the meeting of the
Corporation or the meeting of any other Committee.

____________________________________________________________________

1. This rule was inserted by Notification No.GHU-15-IND-1668/1145-D dated 22.02.1968 published in

GGG Part IV-B dated 14.3.1968 at page No.271.
2. This rule was substituted by Notification No.GHU-176/IND-1669/5414/G dated 12.10.1970.
3. This was inserted by Notification No.GHU-71/IND-1671/13001/G dated 16.11.1971 published in GGG
Part IV-B dated 25.11.71, at page No.1086-1087.
4. These words were inserted vide Notification No.GHU/72/24/IND/1671/ 1150/G dated 22.2.72
published in GGG Part IV-B dated 7.9.72.
5. These words were substituted for the words “Member” or “Members” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.

4
 CHAPTER III

CONDITIONS OF APPOINTMENT AND SERVICE AND SCALES OF PAY OF

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[MANAGING DIRECTOR] AND CHIEF ACCOUNTS OFFICER

1 3
[ [5A.] Conditions of appointment of Chief Accounts Officer:- An appointment to the
post of Chief Accounts officer may be made:-

(a) by direct recruitment of a candidate who-

(i) is a Chartered Accountant or holds a diploma or degree in management accountancy

from a recognised Institute or University, and possesses about five year's experience in
financial management in Government or Corporate bodies.

(ii) has attained the age of 30 years and has not completed 45 years on the date of
appointment;

OR

(b)by promoting an Officer belonging to Class I service of the Corporation who is of

proved merit and efficiency and has atleast five years experience, in matters relating to
accounts and finance.

OR
(c) of an officer taken on deputation from State or Central Government 5[or bank or
financial institution].

5 Pay and allowances:- The 2[Managing Director] and the Chief Accounts Officer shall
be appointed by the State Government from amongst the persons qualified therefore, on
such pay as maybe fixed by the Government in the following scales of pay and
allowances namely:-

(a) 2[Managing Director]

Scale of Pay 4[Cadre pay in the case of IAS officer and 5[Rs. 4500-150-5700] in
case of others;]
(b) Chief Accounts Officer:
Scale of Pay: 6[Rs. 3700-5700;]

Provided that when the 2[Managing Director] and/or the Chief Accounts Officer is a
Government Officer deputed on foreign service, the terms and conditions regarding
pay, special pay, deputation allowance, conveyance allowance etc. may be fixed by the
Government Separately by rules.

__________________________________________________________________________

1. This rule was inserted vide Notification No.GHU-73/11- IND/1670/14275/CH dated 24.1.1973.
2. These words were substituted for the words, “Chief Executive Officer” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.
3. The figure and word was substituted for the figure & words “5AA” by Notification No.GHU-88(39)-
GID-1485-1637-G1 dated 16.09.1988.
4. These words were inserted by the Notification ibid.
5. These words were substituted for the figures “4500-150-5700” by the Notification No.GHU-88(12)-
GID-1487-(8)-2589-G1 dated 5.4.1988 published in GGG Part IX dated 5.5.1988. Earlier by
Notification No.GHU-88(3)-GID-1487(8)-2589-G-1 dated 11.1.1988 published in GGG Part IX dated
11.2.88 the figures “2000-125-2-2250” were substituted.
6. These figures were substituted for the figures “1600-2000” by the Notification No.GHU-88(3) GID-
1487(8)-2589-G1 dated 11.1.1988 published in GGG Part IX dated 11.2.88.

5
Dearness Allowance: As admissible according to the rates prescribed by the State
Government for its Officers.

6. Travelling Allowance·-{l) The 1[Managing Director] and the Chief Accounts Officer
shall be entitled to travelling allowances for the journeys performed in the service of
the Corporation on the scale provided for Grade I Officers of the State Government.

(2) Notwithstanding anything contained in sub-ru1e (I) The 1[Managing Director] shall
whether he is a Government servant deputed on foreign service conditions or not and
irrespective of a pay drawn by him in the case of Journeys on tour including various
types of journeys for which travelling allowance is admissible as for journeys on tour,
be entitled to travel by air.

(3) A bill for travelling allowance, daily allowance or conveyance allowance, as the
case may be, claimed by the 1[Managing Director] or the Chief Accounts Officer shall
be countersigned by the 1[Managing Director].

7. Leave and Leave Salary.--The 1[Managing Director] or the Chief Accounts Officers
who-

(a) is a Government servant deputed on foreign service conditions to the Corporation

shall, so long as he remains in Government service, be entitled to leave and leave salary
under the rules applicable to him as such Government Servant, and

(b) is not a Government servant or being in Government service has subsequently

ceased to be in such service, shall be entitled to leave and leave salary which may be
admissible to other officers of the Corporation under the regulations.

8. Provident Fund: - The 1[Managing Director] or the Chief Accounts Officer who-

(a) is a Government servant deputed on foreign service conditions to the Corporation

and who has been admitted to the provident fund maintained by Government shall so
long as he is in Government service, be entitled to continue to subscribe to the said
fund upon the same terms and conditions and subject to the same rules, as apply to
Government servants; and

________________________________________________________________
1. These words were substituted for the words, “Chief Executive Officer” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.

6
(b) is not a Government servant or being in Government service, has ceased to be in
Government Service, shall be entitled to the benefit of the provident fund of the
Corporation maintained under the Regulations.

9. Termination of service:- Except as otherwise expressly provided in the terms of a

contract in any individual case, the State Government may terminate the service, of the
1
[Managing Director] or the Chief Accounts Officer, who is not a Government servant
deputed on foreign service conditions to the Corporation or being a Government
servant has ceased to be in Government services by giving him three month‟s notice or
in lieu of such notice an amount equal to three month‟s pay.

10. Resignation.- Except as otherwise expressly provided by the terms of a contract in

any individual case the 1[Managing Director] or the Chief Accounts Officer who is not
a Government servant deputed on foreign service conditions to the Corporation, or
being a Government servant has ceased to be in Government service, may resign his
office, by giving three month‟s notice in writing to the State Government.

Provided that, if the State Government so directs before the expiry of the aforesaid
period of three months, the 1[Managing Director] or the Chief Accounts Officer, as the
case may be, giving such notice shall not vacate his office after the period of three
months until such time as he is relieved thereof.

11. Disciplinary action.-The 1[Managing Director] or the Chief Accounts Officer, who-

(a) is a Government servant deputed on foreign service conditions to the Corporation,

so long as he is in Government service, on the recommendation of the Corporation shall
be subject to disciplinary action by the Government according to rules applicable to its
officers; and

(b) is not a Government servant, or being a Government servant has ceased to be in

Government service, shall be subject to disciplinary action by the Corporation with the
approval of Government according to the Regulations applicable to other officers of the
Corporation.

12. Other Conditions of Service:- All other matters relating to the conditions of service
of the 1[Managing Director] or the Chief Accounts Officer, who-

_________________________________________________________________

1. These words were substituted for the words, “Chief Executive Officer” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.

7
(a) is a Government servant deputed on foreign service conditions to the Corporation,
shall be regulated in accordance with the provisions of the Bombay Civil Services
Rules, 1959; and

(b) is not a Government servant, or being a Government servant has ceased to be in

Government service, shall be regulated with the approval of Government in accordance
with the provisions of the Regulations applicable to other officers of the Corporation.

13. Government Servants on deputation:- Notwithstanding anything contained in these

rules, the State Government may by rules prescribed any other conditions of
appointment, service or scales of pay for the 1[Managing Director] or the Chief
Accounts Officer, who is a Government servant deputed on foreign service conditions.

CHAPTER IV.
FINANCE OF THE CORPORATION

14. Money to be kept by the Corporation in current or deposit account:- Except as

otherwise directed by Government, all moneys forming part of the fund of the
Corporation shall be kept in current or deposit account with the State Bank of India or
any Scheduled Bank or invested in such securities as may be approved by the State
Government :-

Provided that the Corporation may keep on hand such sums not exceeding Rs. 10,000/-
as the Corporation may consider necessary.

15. Temporary borrowing by the Corporation:- The Corporation may, for the purpose
of meeting any current expenditure properly chargeable to revenue, borrow by way of
temporary loan or overdraft from any bank or otherwise such sums as it may require, on
such terms and conditions as the Corporation thinks fit. The amount so borrowed,
together with the interest thereon, shall be repaid from current revenues within a period
of twelve months from the day of the temporary borrowing, or such extended period as
the Government may allow.

16. Limit on borrowing without previous consent of Government.- The Corporation

may borrow money and mortgage or charge its undertaking and property (including its
revenues) or any part thereof and issue debenture stock, notes and other securities
whether outright or as security for any debt, liability or obligation of the Corporation
or of any third party; provided that the aggregate amount for the time being remaining
undischarged of money borrowed or secured as aforesaid by the Corporation exclusive
of the temporary loans as aforesaid shall not at any time, without the previous consent
of the State Government exceed the sum of Rs.10,00,000/-.

______________________________________________________________________

1. These words were substituted for the words, “Chief Executive Officer” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.

8
Explanation:-The limit prescribed in this rule shall not apply to deposits accepted under
section 22 of the Act.

Nothing herein contained shall entitle a bona fide lender to the Corporation to
ascertain if the limits herein prescribed have been or are about to be exceeded.

17. Manner of using securities:-Every bond, obligation, debenture or other security

issued by the Corporation for raising money or for securing money borrowed by or due
from the Corporation shall be by a deed under the Common seal of the Corporation and
signed autographically by the 1[Managing Director] or any other Officer authorized by
the Corporation in that behalf.

18. Register of securities to be kept:-A register of bonds, debenture and other securities
shall be kept by the Corporation in which shall be entered the number and date of every
such bond, debenture or other security and the sum secured thereby and the names of the
parties thereto (if any) with their addresses and all other necessary particulars thereof.

19. Instructions which may be issued for transfer of securities:- The Corporation may
from time to time issue instructions for controlling the transfer of any bond, debenture or
other security as it may deem expedient provided that no such instructions affect the
holder or transferee of any bond, debenture or other security unless distinct notice of
such instructions shall appear thereon.

20. Assigning or Conveying property of Corporation for certain purpose:- The

Corporation may, for the purpose of securing the payment of any such bonds, debentures
or other securities as aforesaid, or the payment with interest of any money so borrowed
as aforesaid or payable under any contract or otherwise, make and carry into effect any
arrangement which the Corporation may deem expedient by assigning or conveying , any
property of the Corporation including its revenues, to trustees.
21. Debentures ordinarily payable to bearer.- Unless otherwise resolved by the
Corporation in a general meeting, any 'debenture which may be issued by the
Corporation may be so framed that the principal money and interest thereby secured shall
be payable to the bearer and free from any equities between the Corporation, and the
persons to whom the same may be issued.

____________________________________________________________________
1. These words were substituted for the words, “Chief Executive Officer” by Notification
No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.

9
22. Particulars of borrowing on guarantee to be furnished:- Where the Corporation
proposes to borrow money on the guarantee of the State Government as provided in sub-
section (2) of Section 21, the Corporation shall furnish to the State Government all such
particulars of the amount, purposes, nature and circumstances of the proposed borrowing
and the amount of outstanding loans and such other information as the State Government
may require.

23. Saving for Government.- No security shall be issued or granted as a security in

respect of which the payment of the principal and interest is guaranteed by the State
Government, until the amount, price, rate of interest, date and method of issue of such
security, the arrangements for the application of the proceeds of the issue and for the
repayment of the proceeds have been previously approved by the State Government and
no variation of any such arrangements shall be made without the like approval of the
State Government..

CHAPTER V

ANNUAL FINANCIAL STATEMENT AND OTHER

STATEMENTS AND REPORTS TO BE FURNISHED BY THE
CORPORATION AND MANNER OF MAINTAINING ACCOUNTS

24. Budget and programme of Work:- (1) The. Corporation shall submit to the State
Government for approval before the 1st day of February of each year the annual Financial
Statement and programme of work for the succeeding financial year.

(2) The annual financial statement and the supplementary financial statement, if
any, shall be in Form A, and the programme .of work in Form B.

(3) The annual Financial statement shall be accompanied by statement of honoraria and
salaries and allowances of the 1[directors,] officers and servants of the Corporation, in
Form C.

(4) The Corporations shall also, forward to the State Government with its programme of
work, a note giving history and description of each scheme including inter alia the progress
made, expenditure incurred and receipts accrued in the previous year in respect of continuing
schemes. The note shall, in particular, being out the Financial implications of each scheme.

________________________________________________________________________

1. This word is substituted for the word, “members” by the Notification No. GHU/88/42/GID
1486/3054/G1 Dated:4-10-1988.

10
 25. Maintaining of accounts:-(1) The accounts of the Corporation shall be
prepared and maintained in accordance with the Public Works Accounts
Code, Bombay.

(2) The annual statement of accounts to be submitted to the State

Government under Sub-section (3) of Section 26 shall be in Form D.

26. Annual report and other returns:-(l) The Corporation shall within three
months of the date of closing of each year submit to the State Government an
annual report.

(2) The report shall contain inter alia particulars regarding the-

(a) Industrial areas/estates, entrusted to the Corporation by the State

Government;
(b) Programme of work for the year under report;
(c) Progress of work during the year with particular reference to the-
(i) Land acquired;
(ii) development carried out; .
(iii) amenities provided;

(iv) industries established in the industrial area/estates; and

(v) details of any other activities entrusted to and undertaken by the

Corporation under and in accordance with the act.

(d) Finance for Corporation;

(e) Changes, if any in the constitution of the Corporation;

(f) the staff of the Corporation for the head quarters work and field work,
schemewise;

(g) directions given by the State Government to the Corporation and their
compliance.

(3) The Corporation shall also submit to the State Government by the 1st
November of each year a progress report based on its working and accounts
of the first six months of the year.

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 CHAPTER VI
MISCELLANEOUS

DISPOSAL BY THE CORPORATION OF LAND ACQUIRED UNDER THE

LAND ACQUISITION ACT, 1894.

27. The Corporation shall not sell the lands acquired under the Land Acquisition
Act, 1894 but may transfer the same for industrial or allied purposes on lease:

Provided that Government may in individual cases represented by the Corporation,

permit the sale.

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 FORM „A‟
(See rule 24(2) )
Annual Financial Statement

Sub-head Actuals for Budget forRevised Budget Remarks

the previous the current
Estimates for estimate for (Explanation rfor
three years year the current 19 - 19 increase/
year decrease)
1 2 3 4 5 6
I- Budget Estimates of the Gujarat Industrial Development Corporation
(Revenue Receipt)

1. Recoveries of Expenditure.
2. Sale of Tender Forms
3. Recoveries of Fines etc.
from contractors.
4. Hire charges of tools and plants
supervision charges on sale of
material and other similar receipts.
5. Annual rent of land leased.
6. Annual rent of building.
7. Forfeiture of deposits.
8. Miscellaneous.
9. Subversions from the State Government
Deduct refunds Net Receipts
II- Budget Estimates of the Gujarat Industrial Development Corporation
(Revenue Expenditure)
1.A. Establishment (Administration)

(a) Pay of Officers.

(b) Pay of Establishment
(c) Allowances and Honoraria.
(d) Contingencies

Total :-

13
Sub-head Actuals for the Budget for Revised Budget Remarks
previous three the current Estimates for estimate for (Explanation
years year the current 19 - 19 for increase/
year decrease)
1 2 3 4 5 6
1.B. Establishment (Executive)

(a) Pay of Officers.

(b) Pay of Establishment
(c) Allowance and Honoraria.
(d) Contingencies
----------------------------------------------
Total
----------------------------------------------
1.C. Establishment (Accounts)

(a) Pay of Officers.

(b) Pay of Establishment
(c) Allowances and Honoraria.
(d) Contingencies
----------------------------------------------
Total
----------------------------------------------

II. Pension and leave contributions.

III. Contribution of the Corporation to the
Staff Provident Fund and other services funds.
IV. Interest on Capital (Rates of interest to be stated).
V. Expenditure connected with the scheme of new loans.
VI. Depreciation –
(a) Special tools and plants.
(b) Vehicles
(c) Buildings
(d) Other tools

VII. Maintenance and Repairs

(a) Repairs to tools and plants (special)
(b) Repairs to tools and plans (ordinary)

VII. Municipal and other taxes

VIII. Miscellaneous expenditure

Net expenditure on Revenue Account.

----------------------------------------------
Total
----------------------------------------------

14
Sub-head Actuals for the Budget for Revised Budget Remarks
previous three the current Estimates for estimate for (Explanation
years year the current 19 - 19 rfor increase/
year decrease)
1 2 3 4 5 6
III. Budget Estimates of the Gujarat Industrial Development Corporation
1. Balance with the Corporation as on the beginning of the year.
2. Loans from Government during the year.
3. Other loans (public or private)
4. Sale of plots.
5. Sale of buildings.
6. Suspense Account

----------------------------------------------
Total
----------------------------------------------

IV. Budget Estimates of the Gujarat Industrial Development Corporation

(Capital account expenditure)

*1. Works in progress.

*2. Cost of land.
*3. (a) New works exclusive Cost of land.
(b) Cost of land.
4. Establishment charges transferred from revenue account charged to capital
5. Tools & Plants
6. Amount transferred to Depreciation.
Fund.
7. Amount transferred to other funds.
8. Suspense Account.

----------------------------------------------
Total
----------------------------------------------

*The details of each scheme should be given in Part -V.

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V. . Budget Estimates of the Gujarat Industrial Development Corporation

Details of work in progress

New Works

Name of Item of Estimated Expenditure Amount Budget for Revised Budget Remarks
scheme capital cost of the to the end for the the current estimates estimates (Explanation
expenditure work of last year year year for the for 19--- for Increase/
before last current 19--- decrease)
year
1 2 3 4 5 6 7 8 9

1. Land Acquisition.
2. Survey and Demarcation
3. Roads
4. Water Works
(a) Head works
(b) Pipe lines.
5. Drainage
(a) Drainage lines
(b) Drainage disposal plants.
6. Electricity
(a) Laying out underground cables.
(b) Sttreet lighting
7. Buildings
8. Bridges
9. Railway slidings

Total

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 FORM „B‟
(See rule 24(2) )
Annual Programme of work

Sr. Name of Estimated Estimated Estimated Salient features

No. scheme cost of the expenditure in the receipts amenities and
work year for which facilities for
programme is industries.
proposed
1 2 3 4 5 6

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 FORM „C‟
(See rule 24 (3) )
Statement of Honoraria salaries and Allowances

Name of Scale of Present Honoraria Travelling Conveyance Dearness Compensatory House Total Remarks
1
[Directors] pay pay allowance allowance allowance local Rent columns
and daily allowance Allowance 4 to 9
allowance
1 2 3 4 5 6 7 8 9 10 11

1. This word was substituted for the word, “members” by Notification

No.GHU/88/42/GID/1486/3054/G1 dated 4.10.1988.

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 FORM „D‟
(See Rule 25(2) )

GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION, AHMEDABAD

Income and Expenditure Account for the year ending

Previous Sr. EXPENDITURE Rs. Rs. Previous Sr. INCOME Rs. Rs.
year Rs. No. year Rs. No.
1 2 3 4 5 1 2 3 4 5
1 To Establishment and other charges I By Sale of Tender Forms
A Establishment II By Recoveries of fines etc. from Contractors.
B Contingencies and Municipal Taxes III By Hire charges of tools and Plants.
C Leave and Pension Contributions. IV By Supervision charges on sale of materials
and similar other recoveries.
D Audit Fees V By Annual rent of land leased by the
Less: Transferred to (excluding expenditure on Corporation
income as per contra)
1 Development Expendfiture VI By forefeiture of deposits
2 Factory Sheds VII By Misc. Receipts
II To Interest on government loans.
Less: Interest received on bank and ST deposit
Less: Balance transferred to:

1 Development Expenditure
2 Sheds
III To Depreciation on as per Schedule „A‟
(Scientific Instruments
Ordinary Tools and Plants
Vehicles
Furniture
Telephone
Typewriter and Dupl. Machine
Cycle
Franking Machine)
Less: Transferred to (Excluding Depreciation on
Tools, Plant given on hire)
1 Factory sheds
2 Development Expenditure
IV To Miscellaneous Expenditure:
To Excess of Income over Expenditure
transferred to Balance Sheet.

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 GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION, AHMEDABAD
Balance Sheet as at 31st March 19 …….

Figures for Rs. Rs. Figures for Rs. Rs.

the previous LIABILITIES the previous ASSETS
year year

RESERVES AND SURPLUS FIXED ASSETS

Income & Expenditure Account (if any)

(At cost as per Schedule „A‟)
RECEIPTS ON CAPITAL ACCOUNT Gross Value.
Less: Depreciation.
Premium price on Lease of plots of Industrial Area as per Schedule
„D‟ CAPITAL EXPENDITURE

LOANS (a)
Towards Development of Industrial area and
Estates as per Schedule „B‟
From Government (b) Towards construction of Factory Sheds – As
Interest accrued on above.. per Schedule „C‟
From Others (including interest accrued thereon) CURRENT ASSETS, LOANS AND ADVANCES

DEPOSITS A. CURRENT ASSET5

i) Stocks
Towards Cost of Constructions from Government. ii) Sundry Debtors :
(a) Debtors considered good.
(b) Debtors considered Doubtful

CURRENT LIABILITIES AND PROVISIONS

Less: Provisions.
Current Liabilities: iii) Cash and Bank Balances:

i) Deposits – (a) Cashh with Banks.

(a) From Contractors; (i) In Deposits A/c
(b) From Industrialists (ii) In Current A/c
(b) Cash on hand
A. against Cement issued
B. towards premium price for the plot of land B. LOANS AND ADVANCES
C. For sheds
D. Sundry Deposits (a) Loans
E. (b) Advances for purchase and Expenditures.
i) Liabilities for construction and other (c) Advances to Staff members.
capital expenditure. (d) Miscellaneous Advances recoverable in cash
ii) Liabilities for Establishment and or kind.
other charges including other (e) Sundry Advances including other deposits.
deductions.

PROVISIONS
i) For expenses.
ii) For contingent liabilities. INCOME AND EXPENDITURE ACCOUNT (if any)

Deficit to the end of the previous year

Total Rs.

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 GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION, AHMEDABAD - 9

SCHEDULE „A‟

Fixed Assets forming part of the balance Sheets as at

Sr. Description Cost Additions Total Dedu- Depreciation Depreciati Total Net
No. of during the ction upto the end on for the depre- Balance
price year of the year ciation
at previous
year

1 2 3 4 5 6 7 8 9 10
1 Scientific
Instruments
2 Ordinary
Tools &
Plants
3 Vehicles
4 Furniture
5 Telephones
6 Typewriter &
Duplicating
Machine
7 Cycle
8 Franking
machine etc.,
etc.
9 Other
Assets
TOTAL

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 GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION, AHMEDABAD

SCHEDULE „B‟

Capital Expenditure Towards Development of Industrial Areas and Estates forming

part of the balance Sheets as at

Sr.No. Description Expenditure Expenditure Total Deduction Net

to end of during the Expenditure (Written
the year year back)
1 2 3 4 5 6 7
1 Development
Expenditure
2 Establishment
Expenditure
3 Interest
4 Depreciation
Total

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 GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION, AHMEDABAD

SCHEDULE „C‟

Capital Expenditure for construction of Factory Sheds forming part of the balance
Sheets as at

Sr.No. Description Expenditure Expenditure Total Deduction Net

to end of during the Expenditure (Written
the year year back)
1 2 3 4 5 6 7
1 Development
Expenditure
2 Establishment
Expenditure
3 Interest
4 Depreciation
Total
Less: Recovery of construction of cost.
Uncovered balance of construction of cost on
Factory sheds.

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 GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION, AHMEDABAD

SCHEDULE „D‟

Capital Expenditure Towards Development of Industrial Areas and Estates forming

part of the balance Sheets as at

Sr.No. Name of Receipts Receipts Total Deductions Net

Industrial to the end during the Receipts
area of the year
year
1 2 3 4 5 6 7

By order and in the name of the Government of Gujarat,

R.K. ANKLESARIA
Deputy Secretary to Government

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