Executive Summary:
This document is a corrigendum to the National Bank for Agriculture and Rural Development's (NABARD) Annual Report 2017-18. It pertains to the pattern of capital contribution as of the balance sheet date. It also publishes the Balance Sheet together with Profit and Loss account of NABARD. It specifies corrections to the shareholding of Government of India and RBI in the Paid up capital as on 31 March 2018.
Key Points / Main Content:
* **Balance Sheet and Profit/Loss Account:**
* The Balance Sheet and Profit and Loss account of NABARD for the financial year 2017-18 are published in the Gazette of India.
* **Correction to Capital Contribution Pattern:**
* Para 29.1 of page 2035 and para 73 of page 2083 have been updated.
* The shareholding as of March 31, 2018, was 99.60% for the Government of India and 0.40% for the Reserve Bank of India (RBI).
* **Capital Contribution Details (as of March 31, 2018 and 2017):**
* RBI: ₹20.00 crore (0.40%)
* Government of India: ₹4,980.00 crore (99.60%)
* Total: ₹5,000.00 crore (100.00%)
* **Advance Towards Capital:**
* During the year, ₹3880 crore + ₹1400 crore was received from the Government of India towards share capital.
* This amount was held as advance towards capital, pending an increase in Authorized Capital.
* The advance towards share capital stood at ₹5580 crore as of March 31, 2018.
* **Transfer to Share Capital Account:**
* Following the increase of NABARD's Authorized Capital to ₹30,000 crore on April 10, 2018, the advance will be transferred to the Share Capital account during the year 2018-19.
Impact Analysis:
National Bank for Agriculture and Rural Development (NABARD):
Impact: Requires updating of records to reflect the corrected capital contribution pattern and the transfer of advance capital to the share capital account.
Action Required: Implement the corrections and ensure accurate financial reporting for the year 2018-19.
Government of India:
Impact: Acknowledgment of shareholding and capital contribution to NABARD.
Action Required: No immediate action, but should note the planned transfer of advance capital to the share capital account in future financial planning.
Reserve Bank of India (RBI):
Impact: Acknowledgment of shareholding in NABARD.
Action Required: No immediate action.
Key Entities Referenced
National Bank for Agriculture and Rural Development (NABARD): A financial institution established to promote sustainable and equitable agriculture and rural development.
National Bank for Agriculture and Rural Development Act, 1981: The legal framework under which NABARD operates.
Mumbai, Maharashtra: The city where the corrigendum was issued.
S. DWIVEDI: Chief General Manager and Secretary who issued the corrigendum.
Reserve Bank of India (RBI): Shareholder in NABARD.
Gazette of India: Official government publication where the Balance Sheet and Profit and Loss account of NABARD were published.
2017-18: Financial year for which the Annual Report of NABARD is being referred to in the corrigendum.
Government of India: Shareholder in NABARD.
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एस. िHवेदी, मु)य महा8बंधक और सिचव
[िव(cid:3)ापन-III/4/असा./541/18]
1055 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
CORRIGENDUM
Mumbai, the 31st January, 2019
In pursuance of Section 48(5) of the National Bank for Agriculture and Rural Development Act, 1981 (61 of
1981), the Balance Sheet together with Profit and Loss account of NABARD was sent for publication vide our letter no
NB.Secy/994/AR-2/ 2018-19 dated 31 July 2018. A Corrigendum for Pattern of Capital Contribution as on the date of the
Balance Sheet i.e. para 29.1 of page 169 and para 26 of page 227 of Annual Report 2017-18 of National Bank for
Agriculture and Rural Development is published herewith.
S. DWIVEDI, Chief General Manager and Secy.
[ADVT.-III/4/Exty./541/18]
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एस. िHवेदी, मु)य महा8बंधक और सिचव
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CORRIGENDUM
Mumbai, the 31 January, 2019
The Balance Sheet together with Profit and Loss account of NABARD for the financial
year 2017-18 are published in Gazette of India. Para 29.1 of page 2035 and para 73 of page
2083 may be read as under;
The shareholding of Government of India and RBI in the Paid up capital as on 31 March 2018 was at
99.60% : 0.40%. The details are given below.
(` crore)
Contributor 31 March 2018 31 March 2017
Reserve Bank of India 20.00 0.40% 20.00 0.40%
Government of India 4,980.00 99.60% 4,980.00 99.60%
Total 5,000.00 100.00% 5,000.00 100.00%
During the year an amount of `3880 crore (`1400 crore) has been received from Government of India towards
Share Capital and the same has been held as Advance towards Capital a/c pending enhancement of Authorized Capital.
The advance towards share capital stood at `5580 crore as on 31 March 2018. Pursuant to increase of Authorized Capital
of NABARD to `30000 crore vide gazette notification No. 1410 dated 10 April 2018, the above advance would be
transferred to Share Capital account during the year 2018-19.
S. DWIVEDI, Chief General Manager and Secy.
[ADVT.-III/4/Exty./541/18]
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.