RT-1706: Loans and Advances – Advance for purchase of Motor Car to Sri K. Ramatheertham, Section Officer, Finance Department – Sanctioned - Orders – Issued.

GOVERNMENT OF ANDHRA PRADESH ABSTRACT Loans and Advances – Advance for purchase of Motor Car to Sri K. Ramatheertham, Section Officer, Finance Department – Sanctioned - Orders – Issued. ****************************************************************************** FINANCE (OP.I) DEPARTMENT G.O.Rt.No. 1706 Dated:31-03-2011 Read the following:- 1. G.O.Ms.No.175, Finance (A&L) Department, dated 15/05/2010. 2. U.O.Note.No.2089/25/A&L/2012, Finance (A&L) Department, dated.16-03-2012. 3. G.O.Rt.No.1254, Finance (A&L) Department, dated.29-03-2012. 4. Application of Sri K. Ramatheertham, Section Officer, Finance Department, dated.21-02-2012. ****** ORDER: Under Article 230 of A.P.F.C. Vol – I and in relaxation of rules, Government hereby accord sanction for an advance of Rs.3,10,200/- (Rupees three lakhs ten thousand two hundred only) to Sri K. Ramatheertham, Section Officer, Finance Department for purchase of Motor Car subject to the following conditions. a) That he should purchase the Motor Car and pay for it within one month from the date on which the advance is drawn, failing which the full amount of the advance drawn together with interest should be refunded to the Government. No extension of time for completion of the transaction will ordinarily be allowed. He should make them self sure about the availability of the vehicle in the market before he draw the advance. b) That if the actual price paid for the Motor Car is less than the advance drawn, the balance should be refunded to the Government forthwith. He should also produce the stamped receipt in token of having purchased the vehicle. c) That the motor car should be insured against loss or damage by file or accident within one month form the date of purchase of the Motor Car failing which the full amount of the advance drawn with interest must be refunded to the Government and that the advance should be drawn within 45 days from the date of this order. 2. The advance shall be recovered in 135 monthly installments i.e., 134 monthly installments @ Rs.2,300/- p.m. and 135th installment @ Rs.2,000/-. The recovery will commence from the salary of April, 2012, payable on or after 01/05/2012. After the principal amounts is completely recovered, the interest at the rate of 5 ½% per annum (simple interest) will be charged and should be recovered in 65 months. The balance amount of principal if any along with interest thereon should be recovered from the Gratuity payable to the individual at the time of retirement. P.T.O.-2- 3. The individual should submit the mortgage deed to the Government in Form No.14 of A.P.F.C Vol-I as soon as the Motor Car is purchased with a report of the date of Insurance of the Motor Car. The insurance Policy should be forwarded to the Insurance Company together with a letter in Form No.15 of A.P.F.C Vol-I, addressed to the Insurance Company with whom the Motor Car is insured, notifying to the company of the fact that the Government are interested in the Policy secured. 4. It is certified that the advance for the purchase of Motor Car sanctioned is for the first time and that the Individual has not drawn any such advance previously. 5. The expenditure shall be met from out of funds the allotted to the Finance Department in the reference second and third read above and be debited to Head “7610-Loans to Government Servants – M.H.202 – Advance for purchase of Conveyance – SH (04) – Loans for purchase of Motor Car- 001 Loans for purchase of Motor Car”. 6. Surety Bond in respect of the above individual need not be obtained since he is permanent Government Servants. 7. The Finance (Claims) Department is requested to draw and credit the amount to the individual’s bank account through ECS. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) Dr. P.V. RAMESH PRINCIPAL SECRETARY TO GOVERNMENT (R&E) To The Individual. Copy to: Finance (Claims) Department, The Pay and Accounts Officer, Secretariat Branch, Hyderabad. The Principal Accountant General (A&E), A.P., Hyderabad. SF/SC’s //FORWARDED:: BY ORDER// SECTION OFFICER