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REGISTERED No. D-(D)-72

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 261] NEW DELHI, TUESDAY, OCTOBER 22, I974/ASVINA 30, 1896

Separate paging is given to this Part in order that it may be filed

as a separate compilation.

MINISTRY OF STEEL AND MINES

(Department of Steel)

NOTIFICATION

New Delhi, the 22nd October 1974

G.S.R. 433 (E).—In exercise of the powers conferred by sub-section (4) of section 4C of the Indian Iron and Steel Company (Taking Over of Management) Act, 1972 (50 of 1972), the Central Government hereby specifies that the Adminis- trator appointed under sub-section (1) of the said section 4C, shall, for the proper management of the affairs and business of the undertaking of the Company, exer- cise the following powers and discharge the following functions, namely.—

(i) the Administrator shall be in charge of the management of the affairs of the undertaking of the Company;

(ii) the Administrator shall be in overall charge of the officers and persons employed In connection with the affairs of the undertaking of the Company;

(iii) the Administrator shall, save in regard to matters specified in the Appendix to this notification, e:xercise powers of management in relation to the undertaking of the Company;

(iv) the Administrator shall, have full powers to institute, defend, compro- mise, compound or abandon legal proceedings or refer claims to arbitration and execute powers of attorney and sign vakalatnamas, mukhtarnamas, plants, written statements and all other documents and papers in connection with legal proceedings for and on behalf of the Company;

(1997)

(v) the Administrator may, save as otherwise provided, authorise any Head% of Department under him, to exercise all or any of the powers con- ferred upon him by this notification; and

(vi) the Administrator may, in between two meetings of the Board of manage- ment, within the ambit of operational necessary and efficiency vr to meet an emergency, assume full powers of the Board, provided, however, that an immediate report is made to th$ Board of manage- ment for such direction as the Board may deem fit to give.

APPENDIX

The following matters shall require the prior approval of the Board of Manage- ment, namely; —

A. BUDGET

(i) Annual programmes and estimates for a capital and operational expendi- ture in respect of units under the Company.

B. PERSONNEL

Cii) Any changes in rules end regulations relating to recruitment, placement, promotions, deputations and other conditions of service and disci- plinary action as may ue preserbed.

(iii) Appointments where the maximum of the pay scale of the post Is Rs. 2400/- per month and above.

(iv) Any changes in wage structure and scale of pay in force,

(v) Policy matters relating to bonus and allowance,

C. WORKS

(a) Estimates

(vi) Any estimate above rupees ten lakhs not included in the nnnnal works programme for the year.

(vli) Any estimate above rupees fifty lakhs J41 value in, CijM;. of projects where the sanction has been given by components.

(viii) Any deviation resulting in substantial modification in 1he sc'->pe of the component of the project for which sanction has already been given by competent authority.

(b) Sanctions

(ix) A project report and estimate as a whole for expansion of existing facilities of the plants or for establishment of new units and facili- ties,

(xl Any placing of orders or the incurring o'f any commitment if: —

(a) the project report has not been sanctioned, (b) the component of a sanctioned profect report has not received the approval of the competent authority.

(c) Contracts

(xi) Any award of contracts of Ihe value of rupees fifty lakhs find above forming a component of the project report already sanctioned. (xii) Any contracts nnd/or commitments involving a period longer ihnn 3 years and of a value exceeding rupees fifty lakhs in each individual case except for commodities for which statutory price controls are in existence.

NOTES.—This shall not apply to contracts for works and equipment.

(xili) Any major alteration of or departure from the terms of contracts of value exceeding rupees fifty lakhs and likely to result In additional ways and means obligations.

fxlvi Any acceptance of disputed claims over the value of rupees ten lakhs when they do not involve foreign exchange and over the value of rupees five lakhs when they Involve foreign exchange.

D. MODIFICATIONS AND REPLACEMENTS

(xv) Any additions, alterations and modifications to an existing asset and to replacements o^f existing assets of over rupees ten lakhs which are not included in the approved capital programme of the yeai,

E. WRITE OFi

(xvi) Any proposal to write off of any items of stores, equipment, tooisi ana plants and materials, other than raw materials above the value ol rupees one lakh in each case.

Cxvll) Any proposal to write off of any raw material shortage exceeding pres- cribed limits and exceeding rupees two lakhs for each material. (xviii) Any proposal to write off of the shortage of cash exceeding rupees five thousand in each case.

V. GENERAL

(xix) Any grant of compensation to employees other than the employees of the Company arising from any cause above rupees two lakhs In each case.

(xx) Any sale or alienation in any form Of any immovable property vested in the Company.

(xxi) Any grants or donations or ex gratia payments not arising from recog- nised rules relating to amenities and "welfare, over rupees ten thousand in each case and rupees one lakh throughout the year.

(xxii) Any settlement of claims against the Company from any cause not provided In any other items of the Appendix exceeding rupees fifty thousand In each case.

(xxlii) Any policy for allotment of land to outside parties.

(xxlv) Any expenditure on an object which has not been previously recognised as fit object for expenditure by the company.

[No. Ind. IM0(79)/74]

S, S. SIDHU, Jt. Secy.

PRINTED BY THE MANAGER. GOVERNMENT OP INDIA PRESS, MINTO ROAD, NEW- DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1 9 74