This notification, issued by the Finance Department of the Government of the National Capital Territory of Delhi on December 2, 2019, concerns the approval for the determination of shares by the Delhi Financial Corporation. Under Section 4, Subsection 3 of the State Financial Corporations Act, 1951, the Lieutenant Governor of Delhi approves the issuance of 30,000 fully paid-up shares with a face value of ₹30,00,000 (Thirty Lakh Rupees). These shares, issued by the Board of the Delhi Financial Corporation for the financial years 2012-13 to 2016-17, are allocated to the Chandigarh Administration. The allocation is as follows: 6,000 shares (₹6,00,000) for each of the financial years 2012-13, 2013-14, 2014-15, 2015-16, and 2016-17. Manoj Kumar, Deputy Secretary V, Finance, issued the order under the authority of the Lieutenant Governor. The notification number is F.40(64)/Fin(ACs)/2006/07/1851 and N.C.T.D. No. is 307.
Key Entities Referenced
State Financial Corporations Act, 1951: A law enacted in 1951, referenced in the notification concerning the powers conferred to the Lt. Governor of the National Capital Territory of Delhi.
State Financial Corporations Amendment Act, 2000: An amendment to the State Financial Corporations Act, mentioned in the context of powers conferred.
National Capital Territory of Delhi: A Union Territory of India, the government issuing the notification.
Delhi Financial Corporation: The financial entity issuing shares, as approved by the Lt. Governor of Delhi.
Chandigarh Administration: The recipient of shares from the Delhi Financial Corporation.
Manoj Kumar: Deputy Secretary, Finance, Government of National Capital Territory of Delhi.
2012-13: Financial year for which shares are allocated
2016-17: Financial year for which shares are allocated
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6212 DG/20192 DELHI GAZETTE : EXTRAORDINARY PART IV]
FINANCE DEPARTMENT
NOTIFICATION
Delhi, the 2nd December, 2019
No. F.40 (6)/(4)/Fin/A/Cs/2006-07/1851/.—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 30,000 (Thirty Thousand Only) fully paid up shares of the face value of ` 30,00,000/- (Rupees Thirty Lakhs only) to
be issued by the Board of Delhi Financial Corporation for the years 2012-13 to 2016-17 and shall be allotted to the extent
specified against in columns 4 and 5 thereof—
TABLE
Sl. No. Government /Party Year No. of Shares Value of Shares (in `)
(@` 100/- each)
1 2 3 4 5
1. Chandigarh Administration 2012-13 6,000 6,00,000
2013-14 6,000 6,00,000
2014-15 6,000 6,00,000
2015-16 6,000 6,00,000
2016-17 6,000 6,00,000
Total 30,000 30,00,000
By Order and in the Name of the Lt. Governor
of the National Capital Territory of Delhi,
MANOJ KUMAR, Dy. Secy.-V (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.