REGISTERED No. D. 221 .
The Gazette of Endia
EXTRAORDINARY
PART II- Section 3- Sub- section ( ii )
36 PUBLISHED BY AUTHORITY
No. 293) NEW DELHI , SATURDAY , NOVEMBER 21 , 1964 / KARTIΚΑ 30 , 1886
Separate paging is given to this Part in order that it may be filed as a separate compilation
CABINET SECRETARIAT
(Department of Cabinet Affairs )
NOTIFICATION
New Delhi , the 20th November 1964
S.O. 4017. The following Order made by the President on November 18 , 1964 , is published for general information:---
ORDER
In exercise of the powers conferred by clause ( 3 ) of article 77 of the Consti- tution, the President hereby makes , with immediate effect , the following amend- ments in the Government of India (Allocation of Business ) Rules , 1961 , namely:-
In the said Rules-
(A) In the First Schedule, for entry 7 , the following entry shall be substi- tuted, namely:-
"Ministry of Finance:
( 1 ) Department of Economic Affairs ;
( ii ) Department of Expenditure ;
( iii ) Department of Revenue ;
( iv) Department of Co - ordination ;
( v) Department of Company Affairs and Insurance ; "
(B ) in the Second Schedule , under the heading " Ministry of Finance" ,
(a) under sub- heading " A. Department of Economic Affairs " ,
(i) in section " III . Internal Finance " , after entry 9 , the following entry shall be inserted , namely :-
"10. Investment Policy" ;
(ii ) after new entry 10, the sections beginning with section " IV. Economic Advice", and the entries beginning with the existing entry 10, and ending with section " XII . Miscellaneous " , and entry 49 under that section , shall be omitted ; and the sections with the entries as specifiedin Appendix I to this Order , shall be substi- tuted;
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(b) for the existing sub - heading "C. Department of Revenue and Com- pany Law " , the following sub -heading shall be substituted , namely:-
"C. Department of Revenue" ;
(c ) under the new sub - heading "C. Department of Revenue " , entries 12, 12A , 12B, 13 , 14 , 15, 16 and 17 shall be omitted ; and entry 18 under that sub - heading , shall be re - numbered as entry 12 ; and
(d) after the entries under the sub - heading "D. Department of Co- ordination " , and before the heading " Ministry of Food and Agri- culture" , the sub - heading " E. Department of Company Affairs and Insurance" , and the entries as specified in Appendix II to this Order shall be substituted.
APPENDIX I
IV . Economic Advice
11. Preparation of briefs and submission of material on financial and economic questions relating to India's participation in the United Nations and AlliedAllied Organisations ( as forfor example,ex Economic and Social Council , Economic Commission for Asia and Far East , etc. ) .
V. Budget
12. Ways and Means .
13. Preparation of Central Budget, other than Railways Budget , including Supplementary , Excess Grants .
14. Borrowing and Floatation of Market Loans by the Central and State Governments .
15. Borrowing of Public Bodies such as Corporations , Municipalities , etc. 16. Administration of the Public Debt Act .
17. Administration of the Central Treasury Rules.
18. Fixation of interest rates , including Borrowing Rates , Productivity Test Rates , etc.
19. Accounting and Audit procedures including classification of transactions .
20. Financial matters relating to partition , Federal Financial integration and Reorganisation of States .
21. Administration of the Contingency Fund of India Rules .
22. Treasury bills including ad hocs to replenish the Central balances .
23. Sterling pensions- Transfer of responsibility to U.K. Government and actuarial calculation of the liability involved.
24. Conspectus of Central and State Government Budgets .
25. Finance Commission .
26. Taxation Enquiry Commission .
27. Small Savings , including the administration of the National Savings Organisations .
VI . Corporations
28. The Administration of Industrial Finance Corporation Act , 1948 and Rehabilitation Finance Administration Act, 1948.
29. State Financial Corporation under the State Financial Corporation Act, 1951 .
30. The Industrial Credit and Investment Corporation of India, Ltd. 31. The Refinance Corporation for Industry .
VII . Capital Issues
32. Control over the Issues of Capital by Joint Stock Companies .
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Sac . 8 (li ) )
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APPENDIX II
E. DEPARTMENT OF COMPANY AFFAIRS AND INSURANCE
1. Administration of the Companies Act.
2. Administration of Securities Contracts ( Regulation ) Act , 1956 .
3. Regulation of Stock Exchanges .
4. Profession of Accountancy ( Chartered Accountants Act ) . Profession of Costs and Works Accountancy and Company Secretaryship .
5. Collection of Statistics relating to Companies .
6. Legislation of the Indian Partnership Act and the exercise of certain functions under Chapter VII of the Act in centrally administered areas . (The administration of the Act vests in the State Govern- ments) .
7. Commission of Inquiry.
8. Policy relating to General Insurance ; Administration of the Insurance Act , 1988 ; Insurance Companies Association Pool ; Subsidiaries of the Life Insurance Corporation .
9. Policy relating to Life Insurance ; Nationalisation of the Life Insurance business; Administration of the Life Insurance Corporation Act , 1956 ; Life Insurance Tribunal .
10. Office of the Controller of Insurance .
11. The responsibility of the Centre relating to matters concerning centrally administered areas in respect of any of the items above .
S. RADHAKRISHNAN , President .
18-11-1964.
[No. 74/7/ CF - 64 . ]
S. K. MUKHERJEE , Jt . Secу.
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS . NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , 1964 .