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Date: 25-Oct-2023 Category: Extra Ordinary State: Union Government Country: India

Financial Corporations

Issued by Government of The National Capital Territory of Delhi · Finance Department

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Government of the National Capital Territory of Delhi approves the allocation of 12,000 shares of Delhi Financial Corporation to Chandigarh Administration for the financial years 2020-21 and 2021-22.

Key Changes

  • Approval for determination of 12,000 fully paid-up shares.
  • The face value of each share is ₹100.
  • The total value of shares being allocated is ₹12,00,000 (Rupees Twelve Lakhs only).
  • 6,000 shares are allocated for the financial year 2020-21, amounting to ₹6,00,000.
  • 6,000 shares are allocated for the financial year 2021-22, amounting to ₹6,00,000.
  • The shares are issued by the Board of Delhi Financial Corporation.

Impact Analysis

Chandigarh Administration

  • Action Item: Record the receipt of shares in their investment portfolio and account for the investment appropriately.

Delhi Financial Corporation

  • Action Item: Reflect the increased equity base in the financial statements for the relevant periods.

Government of NCT of Delhi

  • Action Item: Maintain records of the approval and share allocation for audit and compliance purposes.

Shareholders of Delhi Financial Corporation

  • This is a relatively small number of shares and the impact is expected to be minimal.

Key Entities Referenced

State Financial Corporations Act 1951: The primary legislation governing the establishment and operation of State Financial Corporations in India. State Financial Corporations (Amendment) Act, 2000: An amendment to the State Financial Corporations Act 1951, which modifies certain provisions related to the functioning of State Financial Corporations. Delhi Financial Corporation: A state-level financial institution responsible for providing financial assistance to industries and businesses in Delhi. Chandigarh Administration: The administrative body responsible for the governance of the Union Territory of Chandigarh. Government of the National Capital Territory of Delhi: The governing body of the National Capital Territory of Delhi.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33002/99 REGD. No. D. L.-33002/99 भारत सरकार GOVERNMENT OF INDIA एस.जी.-डी.एxलxx.G-अID.H-2x6xx1 02023-249709 SG-DLxx-ExG-2ID6E1x0x2x0 23-249709 असाधारण EXTRAORDINARY प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 325] दिल्ली, बधु वार, अक्त बू र 25, 2023/कार्तकि 3, 1945 [रा.रा.रा.क्षे.दि. स.ं 271 No. 325] DELHI, WEDNESDAY, OCTOBER 25, 2023/KARTIKA 3, 1945 [N. C. T. D. No.271 भाग IV PART IV राष्ट्रीय रािधानी राज्य क्षत्रे दिल्ली सरकार GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI foRr ¼ç'kklfud [kaM½ foHkkx vf/klwpuk fnYyh] 25 vDrcw j] 2023 l-a ,Q- 40¼6½¼5½@foRr ¼ys[kk½@2006&07@Mh,l&I@931.—jkT; foRrh; fuxe vf/kfu;e] 1951 ¼1951 dh la[;k 63½ dh /kkjk 4 dh mi /kkjk ¼3½] +}kjk iznku dh xbZ “kfDr;ksa ds fu’iknu eas tSlk jkT; foRrh; fuxe ¼la”kk/s ku½ vf/kfu;e 2000 es a la”kksf/kr fd;k x;k gS vkSj jk"Vªh; jkt/kkuh {ks= fnYyh ljdkj ds mijkT;iky] ,rn+}kjk 12]00]000@# ¼ ckjg yk[k :i;s½] vfadr ewY; ds 12]000 ¼ckjg gtkj½ “ks;j tks fd fnYyh foRrh; fuxe ds eMay +}kjk 2020&21 ls 2021&22 ds fy;s tkjh vkSj dkye 4 vkSj 5 es a fufnZ’V fd;s] vuq:Ik rd] vkcafVr fd;s tkus gsrq] fufnZ’V dju s dk vuqekns u djr s gSA Øe Lak[;k ljdkj@ikVhZ Ok"k Z 'ks;j dh la[;k 'ks;j dh dher ¼#½ #i;s 100 dk 1 2 3 4 5 1 paMhx< iz”kklu 2020&21 6]000 6]00]000 2 2021&22 6]000 6]00]000 dqy 12]000 12]00]000 jk"V`~h; jkt/kkuh {ks= fnYyh ds mijkT;iky ds vkns”k o muds uke ls jfoUæ dqekj] mi lfpo&I ¼foRr½ 6779 DG/2023 (1)2 DELHI GAZETTE : EXTRAORDINARY PART IV] FINANCE (ADMINISTRATION DIVISION) DEPARTMENT NOTIFICATION Delhi, the 25th October, 2023 No. F.40 (6)/(5)/Fin/A/Cs/2006-07/dsi/931.—In exercise of the powers conferred by sub-section(3) of section 4 of the State Financial Corporations Act 1951 (No. 63 of 1951), as amended by the State Financial Corporations (Amendment) Act, 2000, the Lt. Governor of the National Capital Territory of Delhi hereby approves the determination of 12,000 (Twelve Thousand Only) fully paid up shares of the face value of ₹ 12,00,000/- (Rupees Twelve Lakhs only) to be issued by the Board of Delhi Financial Corporation for the years 2020-21 to 2021-22 and shall be allotted to the extent specified against in columns 4 and 5 thereof:- TABLE Sl. Government /Party Year No. of Shares Value of Shares (in ₹) No. (@ ₹ 100/- each) 1 2 3 4 5 1. Chandigarh Administration 2020-21 6,000 6,00,000 2. 2021-22 6,000 6,00,000 Total 12,000 12,00,000 By order and in the name of the Lt. Governor Of the National Capital Territory of Delhi RAVINDER KUMAR, Dy. Secy.-I (Finance) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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