Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-05022024-251803
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 78]
NEW DELHI, FRIDAY, FEBRUARY 2, 2024/MAGHA 13, 1945
MINISTRY OF SCIENCE AND TECHNOLOGY
(Department of Science and Technology)
NOTIFICATION
New Delhi the 2nd February, 2024
G.S.R. 87(E).—The following draft rules which the Central Government proposes to make in exercise of
the powers conferred by clauses (i) and (j) of sub-section (2) of section 23 of the Anusandhan National Research
Foundation Act, 2023 (25 of 2023), are hereby published for the information of all persons likely to be affected
thereby, and notice is hereby given that the said notification will be taken into consideration on or after the expiry of a
period of thirty (30) days from the date of publication of the draft in the official Gazette;
Objections or suggestions, if any, may be addressed to the Senior Adviser, Department of Science and
Technology, Government of India, Technology Bhawan, New Delhi – 110016 or by e-mail at [email protected] and
[email protected];
The objections and suggestions, which may be received from any person with respect to the said draft rules
before the expiry of the period so specified, will be considered by the Central Government.
DRAFT RULES
1. Short title and commencement. — (1) These rules may be called the Anusandhan National Research
Foundation (Form of annual statement of accounts) Rules, 2023.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions. — (1) In these rules, unless the context otherwise requires,
(a) "Act" means the Anusandhan National Research Foundation Act, 2023;
(b) "Form" means Form annexed to these rules;
(c) "Schedule" means the Schedule annexed to these rules;
(d) "Year" means a financial year beginning on the 1st day of April and ending on 31st day of march of the
immediately following year.
(2) Words and expressions used and not defined in these rules but defined in the Act shall have the same
meanings as assigned to them in the Act.
3. Annual statement of accounts and other relevant records. — (1) At the end of every financial year, the
Executive Council shall prepare its annual statements of accounts, balance sheet, income and expenditure
account, and receipt and payment account in the Forms of financial statement as specified in Form ‘A',
Form 'B', Form 'C' in Schedules annexed to these rules.
(2) The approved statement of accounts of the Foundation shall be forwarded by the Executive Council to the
Comptroller and Auditor General of India or any other person appointed by him on his behalf, for the
purposes of audit, within three months of the end of the financial year.
(3) The annual statement of accounts of the Foundation, as certified by the Comptroller and Auditor General of
India or any other person appointed by him on his behalf, along with the audit report theron for every financial
year shall be forwarded by Executive Council to the Central Government, for laying before each House of
Parliament.
4. Maintenance of accounts. — The Executive Council shall preserve the balance sheet, the income and
expenditure account, and the receipt and payment account referred to in sub-rule (1) of rule 3, for a
minimum period of five years, following the year to which they relate.
FORM OF FINANCIAL STATEMENTS
[see sub rule (1) of rule 3]
Form - 'A'
Anusandhan National Research Foundation
Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------+----------+----------------+----------------+
| FUND AND LIABILITIES | Schedule | Current Year | Previous Year |
+===================================+==========+================+================+
| Fund | I | | |
+-----------------------------------+----------+----------------+----------------+
| Reserve and Surplus | II | | |
+-----------------------------------+----------+----------------+----------------+
| Earmarked/ Endowment Funds | III | | |
+-----------------------------------+----------+----------------+----------------+
| Secured Loans and Borrowings | IV | | |
+-----------------------------------+----------+----------------+----------------+
| Unsecured Loans and Borrowings | V | | |
+-----------------------------------+----------+----------------+----------------+
| Deferred Credit Liabilities | VI | | |
+-----------------------------------+----------+----------------+----------------+
| Current Liabilities and Provisions| VII | | |
+-----------------------------------+----------+----------------+----------------+
| TOTAL | | | |
+-----------------------------------+----------+----------------+----------------+
| ASSETS | | | |
+-----------------------------------+----------+----------------+----------------+
| Fixed Assets | VIII | | |
+-----------------------------------+----------+----------------+----------------+
| Investments Form Earmarked/ | IX | | |
| Endowment Funds | | | |
+-----------------------------------+----------+----------------+----------------+
| Investments - Others | X | | |
+-----------------------------------+----------+----------------+----------------+
| Current Assets, Loans and Advances| XI | | |
+-----------------------------------+----------+----------------+----------------+
| Miscellaneous Expenditure (to the | | | |
| extent not written of or adjusted)| | | |
+-----------------------------------+----------+----------------+----------------+
| TOTAL | | | |
+-----------------------------------+----------+----------------+----------------+
| Significant Accounting Policies | XXII | | |
+-----------------------------------+----------+----------------+----------------+
| Contingent Liabilities and Notes on| XXIII | | |
| Accounts | | | |
+-----------------------------------+----------+----------------+----------------+
ANUSANDHAN NATIONAL RESEARCH FOUNDATION
To be signed by Chief Executive Officer and Head of the Finance Division.
Place:
Date:
Form 'B'
INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD/YEAR ENDED
[see sub rule (1) of rule 3]
+-----------------------------------+----------+----------------+----------------+
| INCOME | Schedule | Current Year | Previous Year |
+===================================+==========+================+================+
| Grants/Subsidies | XII | | |
+-----------------------------------+----------+----------------+----------------+
| Fees/Subscriptions | XIII | | |
+-----------------------------------+----------+----------------+----------------+
| Income from Investments (Income on investment, from | XIV | | |
| earmarked/endowment funds transferred to funds) | | | |
+-----------------------------------+----------+----------------+----------------+
| Income from Royalty, Publications etc.| XV | | |
+-----------------------------------+----------+----------------+----------------+
| Interest Earned | XVI | | |
+-----------------------------------+----------+----------------+----------------+
| Other Income | XVII | | |
+-----------------------------------+----------+----------------+----------------+
| Total (A) | | | |
+-----------------------------------+----------+----------------+----------------+
| EXPENDITURE | Schedule | Current Year | Previous Year |
+===================================+==========+================+================+
| Establishment Expenses | XVIII | | |
+-----------------------------------+----------+----------------+----------------+
| Other Administrative Expenses etc.| XIX | | |
+-----------------------------------+----------+----------------+----------------+
| Expenditure on Grants, subsidies etc.| XX | | |
+-----------------------------------+----------+----------------+----------------+
| Interest | XXI | | |
+-----------------------------------+----------+----------------+----------------+
| Depreciation (Net Total at the year end corresponding to | XXII | | |
+-----------------------------------+----------+----------------+----------------+
Schedule VIII)
Total (B)
+-------------------------------------------------------------+----------------+----------------+
| Balance being excess of Income over Expenditure (A-B) | | |
+-------------------------------------------------------------+----------------+----------------+
| Transfer to Special Reserve (Specify each) Transfer to/from | | |
| General Reserve | | |
+-------------------------------------------------------------+----------------+----------------+
| Balance Being Surplus (Deficit) Carried to Corpus/Capital | | |
| Fund | | |
+-------------------------------------------------------------+----------------+----------------+
| Significant Accounting Policies | XXII | | |
+-------------------------------------------------------------+----------------+----------------+
| Contingent Liabilities and Notes on Accounts | XXIII | | |
+-------------------------------------------------------------+----------------+----------------+
ANUSANDHAN NATIONAL RESEARCH FOUNDATION
To be signed by Chief Executive Officer and Head of the Finance Division.
Place: Delhi
Date:
Form 'C'
RECEIPT AND PAYMENT ACCOUNTS FOR THE PERIOD/ YEAR ENDED
[see sub rule (1) of rule 3]
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| RECEIPTS | Current Year | Previous Year | PAYMENTS | Current Year |
+=========================================+================+================+=========================================+================+
| I. Opening Balances | | | I. Expenses | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (a) Cash in Hand | | | (a) Establishment expenses (corresponding| |
| | | | to Sch. 18) | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (b) Bank Balance | | | (b) Administrative Expenses (Corresponding| |
| | | | to Schedule 19) | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (i) In current Accounts | | | | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (ii) In Deposit Accounts | | | | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (iii) Saving Accounts | | | | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| II. Grants Received | | | II. Payment made against funds for | |
| | | | various projects (Name of the fund | |
| | | | or project should be shown along | |
| | | | with the particulars of payment made| |
| | | | for each project) | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (a) From Government of India | | | | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (b) From Other Sources (Details) | | | | |
| (Grants for Capital and Revenue | | | | |
| Expenditure to be shown separately) | | | | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| III. Income on Investment from | | | III. Investments and Deposits Made | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (a) Earmarked/ Endowment funds | | | (a) Out of Earmarked/Endowment funds | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (b) Own funds (Investment others) | | | (b) Out of own funds (Investment others)| |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| IV. Interest Received | | | IV. Expenditure on Fixed Assets & Capital| |
| | | | Work-in-Progress | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (i) On Bank Deposits | | | (a) Purchase of fixed Assets | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| (iii) Loans, advances, etc. | | | (b) Expenditure on Capital Work-in-progress| |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| V. Other Income (Specify) | | | V. Refund of surplus money/loans | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (a) To the Government of India | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (b) To other providers of funds | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| VI. Amount Borrowed/ Loans | | | VI. Finance Charges (Interest) | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| VII. Any other receipts (give details) | | | VII. Other Payments (Specify) | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | VIII. Closing Balances | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (a) Cash in Hand | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (b) Bank Balances | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (i) In current Accounts | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (ii) In Deposit Accounts | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| | | | (iii) Savings Accounts | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
| TOTAL | | | TOTAL | |
+-----------------------------------------+----------------+----------------+-----------------------------------------+----------------+
ANUSANDHAN NATIONAL RESEARCH FOUNDATION
To be signed by Chief Executive Officer and Head of the Finance Division.
Place: Delhi
Date:
SCHEDULE – I
[See sub-rule (1) of rule 3 and Form 'A']
CORPUS/CAPITAL FUND
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=================================================================+================+================+
| Balance as at the beginning of the year | | |
+-----------------------------------------------------------------+----------------+----------------+
| Add: Contribution towards Corpus/Capital Fund | | |
+-----------------------------------------------------------------+----------------+----------------+
| Add/(Deduct): Balance of net income/ (expenditure) transferred | | |
| from the Income and Expenditure Account | | |
+-----------------------------------------------------------------+----------------+----------------+
| BALANCE AS AT THE YEAR END | | |
+-----------------------------------------------------------------+----------------+----------------+
SCHEDULE – II
[See sub-rule (1) of rule 3 and Form 'A']
RESERVES AND SURPLUS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Capital Reserve | | |
| As per last Account | | |
| Addition during the year | | |
| Less: Deductions during the year | | |
+-----------------------------------------+----------------+----------------+
| 2. Revaluation Reserve | | |
| As per last Account | | |
| Addition during the year | | |
| Less: Deductions during the year | | |
+-----------------------------------------+----------------+----------------+
| 3. Special Reserves | | |
| As per last Account | | |
| Addition during the year | | |
| Less: Deductions during the year | | |
+-----------------------------------------+----------------+----------------+
| 4. General Reserve | | |
| As per last Account | | |
| Addition during the year | | |
| Less: Deductions during the year | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE -III
[See sub-rule (1) of rule 3 and Form 'A']
EARMARKED/ENDOWMENT FUNDS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| PARTICULARS | Fund| Fund| Fund| Fund| TOTALS | |
| | WW | XX | YY | ZZ | Current Year | Previous Year |
+=====================================================+=====+=====+=====+=====+================+================+
| (a) Opening balance of the funds | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| (b) Additions to the Funds: | | | | | | |
| (i) Donations/grants | | | | | | |
| (ii) Income from investments made on account of | | | | | | |
| funds | | | | | | |
| (iii) Other additions (specify nature) | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| Total (a+b) | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| (c) Utilisation/Expenditure towards objectives of | | | | | | |
| funds | | | | | | |
| (i) Capital Expenditure | | | | | | |
| - Fixed Assets | | | | | | |
| - Others | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| Total (c)(i) | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| (ii) Revenue Expenditure | | | | | | |
| Salaries, Wages and allowances etc. | | | | | | |
| Rent | | | | | | |
| Other Administrative Expenses | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| Total (c)(ii) | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| Total (c) | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
| NET BALANCE AS AT THE YEAR END (a + b -c) | | | | | | |
+-----------------------------------------------------+-----+-----+-----+-----+----------------+----------------+
1. Disclosures shall be made under relevant heads based on conditions attaching to the grants.
2. Plan Funds received from the Central Government are to be shown as separate Funds and not to be mixed up
with any other funds.
SCHEDULE – IV
[See sub-rule (1) of rule 3 and Form 'A']
SECURED LOANS AND BORROWINGS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Central Government | | |
+-----------------------------------------+----------------+----------------+
| 2. Financial Institutions | | |
| (a) Terms Loans | | |
| (b) Interest accrued and due | | |
+-----------------------------------------+----------------+----------------+
| 3. Banks | | |
| (a) Term Loans - Interest accrued and| | |
| due | | |
| (b) Other Loans (specify) – Interest | | |
| accrued and due | | |
+-----------------------------------------+----------------+----------------+
| 4. Other Institutions and Agencies | | |
+-----------------------------------------+----------------+----------------+
| 5. Debentures and bonds | | |
+-----------------------------------------+----------------+----------------+
| 6. Others (Specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
Note: Amounts due within one year
SCHEDULE – V
[See sub-rule (1) of rule 3 and Form 'A']
UNSECURED LOANS AND BORROWINGS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Central Government | | |
+-----------------------------------------+----------------+----------------+
| 2. Financial Institutions | | |
+-----------------------------------------+----------------+----------------+
| 3. Banks | | |
| (a) Term Loans | | |
| (b) Other Loans (specify) | | |
+-----------------------------------------+----------------+----------------+
| 4. Other Institutions and Agencies | | |
+-----------------------------------------+----------------+----------------+
| 5. Debentures and bonds | | |
+-----------------------------------------+----------------+----------------+
| 6. Fixed Deposits | | |
+-----------------------------------------+----------------+----------------+
| 7. Others (Specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
Note: Amounts due within one year
SCHEDULE – VI
[See sub-rule (1) of rule 3 and Form 'A']
DEFERRED CREDIT LIABILITIES
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Acceptances secured by hypothecation | | |
| of capital equipment and other assets| | |
+-----------------------------------------+----------------+----------------+
| 2. Others | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
Note: Amounts due within one year
SCHEDULE – VII
[See sub-rule (1) of rule 3 and Form 'A']
CURRENT LIABILITIES AND PROVISIONS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| A. CURRENT LIABILITIES | | |
+-----------------------------------------+----------------+----------------+
| 1. Acceptances | | |
+-----------------------------------------+----------------+----------------+
| 2. Sundry creditors:- | | |
| (a) For Goods | | |
| (a) Others | | |
+-----------------------------------------+----------------+----------------+
| 3. Advances Received | | |
+-----------------------------------------+----------------+----------------+
| 4. Interest accrued but not due on: | | |
| (a) Secured Loans/borrowings | | |
| (b) Unsecured Loans/borrowings | | |
+-----------------------------------------+----------------+----------------+
| 5. Statutory Liabilities: | | |
| (a) Overdue | | |
| (b) Others | | |
+-----------------------------------------+----------------+----------------+
| 6. Other Current Liabilities | | |
+-----------------------------------------+----------------+----------------+
| TOTAL (A) | | |
+-----------------------------------------+----------------+----------------+
| A. PROVISIONS | | |
+-----------------------------------------+----------------+----------------+
| 1. For Taxation | | |
+-----------------------------------------+----------------+----------------+
| 2. Gratuity | | |
+-----------------------------------------+----------------+----------------+
| 3. Superannuation/Pension | | |
+-----------------------------------------+----------------+----------------+
| 4. Accumulated Leave Encashment | | |
+-----------------------------------------+----------------+----------------+
| 5. Trade Warranties/Claims | | |
+-----------------------------------------+----------------+----------------+
| 6. Others (Specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL (B) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL (A+B) | | |
+-----------------------------------------+----------------+----------------+
Cost of assets on hire purchase basis included above.
SCHEDULE – VIII
[See sub-rule (1) of rule 3 and Form 'A']
FIXED ASSETS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-------------------------+---------------------------------------------------+--------------------------------------------------+----------------------------------+
| Description | GROSS BLOCK | DEPRECIATION | NET BLOCK |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+--------------------+-----------------+
| | Cost as at | Additions | Deductions / | Cost at the | As at the | During | Deductions /| Total upto | As at the | As at the |
| | beginning of | during the year| Adjustments | year end | beginning of | the year | Adjustments | the year end | current year | previous year |
| | the year | | during the | | the year | | during the | | end | end |
| | | | year | | | | year | | | |
+=========================+====================+================+==============+===================+================+=============+=============+====================+=================+=================+
| A. FIXED ASSETS | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 1. Land | | | | | | | | | | |
| (a) Freehold | | | | | | | | | | |
| (b) Leasehold | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 2. Buildings | | | | | | | | | | |
| (a) On Freehold Land | | | | | | | | | | |
| (b) On Leasehold Land | | | | | | | | | | |
| (c) Ownership Flat/ | | | | | | | | | | |
| Premises | | | | | | | | | | |
| (d) Superstructures on | | | | | | | | | | |
| Land not belonging | | | | | | | | | | |
| to the entity | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 3. Plant Machinery and | | | | | | | | | | |
| Equipment | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 4. Vehicles | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 5. Furniture and Fixture| | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 6. Office Equipment | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 7. Computers/Peripherals| | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 8. Electrical | | | | | | | | | | |
| Installations | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 9. Library Books | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 10. Tube wells and | | | | | | | | | | |
| Water Supply | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| 11. Other Fixed Assets | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| Total of current year | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| Total of previous year | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| B. CAPITAL WORK IN | | | | | | | | | | |
| PROGRESS | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
| TOTAL | | | | | | | | | | |
+-------------------------+--------------------+----------------+--------------+-------------------+----------------+-------------+-------------+--------------------+-----------------+-----------------+
Note: To be given as to cost of assets on hire purchase basis included above
SCHEDULE – IX
[See sub-rule (1) of rule 3 and Form 'A']
INVESTMENTS FROM EARMARKED/ENDOWMENT FUNDS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. In Governments Securities | | |
+-----------------------------------------+----------------+----------------+
| 2. Other approved Securities | | |
+-----------------------------------------+----------------+----------------+
| 3. Shares | | |
+-----------------------------------------+----------------+----------------+
| 4. Debentures and Bonds | | |
+-----------------------------------------+----------------+----------------+
| 5. Subsidiaries and Joint Ventures | | |
+-----------------------------------------+----------------+----------------+
| 6. Others (to be specified) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – X
[See sub-rule (1) of rule 3 and Form 'A']
INVESTMENTS – OTHERS
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. In Government Securities | | |
+-----------------------------------------+----------------+----------------+
| 2. Other approved Securities | | |
+-----------------------------------------+----------------+----------------+
| 3. Shares | | |
+-----------------------------------------+----------------+----------------+
| 4. Debentures and Bonds | | |
+-----------------------------------------+----------------+----------------+
| 5. Subsidiaries and Joint Ventures | | |
+-----------------------------------------+----------------+----------------+
| 6. Others (to be specified) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XI
[See sub-rule (1) of rule 3 and Form 'A']
CURRENT ASSETS, LOANS, ADVANCES ETC.
Forming part of Balance Sheet as at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| CURRENT ASSETS, LOANS, ADVANCES ETC. | | |
+-----------------------------------------+----------------+----------------+
| A. Current Assets: | | |
+-----------------------------------------+----------------+----------------+
| Debts: | | |
| (a) Debts Outstanding for a period | | |
| exceeding six months | | |
| (b) Others | | |
+-----------------------------------------+----------------+----------------+
| 2. Cash balances in hand (including | | |
| cheques/ drafts and imprest) | | |
+-----------------------------------------+----------------+----------------+
| 3. Bank Balances: | | |
| (a) With Scheduled Banks: | | |
| (b) With Non-Scheduled Banks: | | |
| - In current accounts | | |
| - In deposit accounts | | |
| - In savings account | | |
+-----------------------------------------+----------------+----------------+
| 4. Post Office - Savings Accounts | | |
+-----------------------------------------+----------------+----------------+
| TOTAL (A) | | |
+-----------------------------------------+----------------+----------------+
| B. LOANS, ADVANCES AND OTHER ASSETS | | |
+-----------------------------------------+----------------+----------------+
| 1. Loans to: | | |
| (a) Staff | | |
| (b) Other Entities engaged in | | |
| activities/ objectives similar | | |
| to that of the entity | | |
| (c) Other (specify) | | |
+-----------------------------------------+----------------+----------------+
| 2. Advances and other amount recoverable| | |
| in cash or in kind or for value | | |
| to be received: | | |
| (a) On capital account | | |
| (b) Prepayments | | |
| (c) Others | | |
+-----------------------------------------+----------------+----------------+
| 3. Income Accrued | | |
| (a) On investments from Earmarked/ | | |
| Endowment fund | | |
| (b) On investment – others | | |
| (c) On loans and advances | | |
| (d) Others (includes income due | | |
| unrealized Rs. ......) | | |
+-----------------------------------------+----------------+----------------+
| 4. Claims Receivable | | |
+-----------------------------------------+----------------+----------------+
| TOTAL (B) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL (A+B) | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XII
[See sub-rule (1) of rule 3 and Form 'B']
GRANTS/SUBSIDIES
(Irrevocable Grants & Subsidies Received)
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Central Government | | |
+-----------------------------------------+----------------+----------------+
| 2. Government Agencies | | |
+-----------------------------------------+----------------+----------------+
| 3. Institutions/ Welfare Bodies | | |
+-----------------------------------------+----------------+----------------+
| 4. International Organisations | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XIII
[See sub-rule (1) of rule 3 and Form 'B']
FEES/SUBSCRIPTIONS
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Entrance Fees | | |
+-----------------------------------------+----------------+----------------+
| 2. Filing Fees | | |
+-----------------------------------------+----------------+----------------+
| 3. Seminar/Program Fees | | |
+-----------------------------------------+----------------+----------------+
| 4. Consultancy Fees | | |
+-----------------------------------------+----------------+----------------+
| 5. Others (Specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
Note – Accounting Policies towards each item are to be disclosed
SCHEDULE – XIV
[See sub-rule (1) of rule 3 and Form 'B']
INCOME FROM INVESTMENTS
(Income on Invest. From Earmarked/ Endowment Funds transferred to Funds)
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------------------+----------------------------+
| PARTICULARS | INVESTMENT FROM EARMARKED FUND | INVESTMENT - OTHERS |
| +----------------+-----------+----------------+-----------+
| | Current Year | Previous | Current Year | Previous |
| | | Year | | Year |
+=========================================+================+===========+================+===========+
| 1. Interest | | | | |
| (a) On Government Securities | | | | |
| (b) Other Bonds/ Debentures | | | | |
+-----------------------------------------+----------------+-----------+----------------+-----------+
| 2. Dividends | | | | |
| (a) On Shares | | | | |
| (b) On Mutual Fund Securities | | | | |
+-----------------------------------------+----------------+-----------+----------------+-----------+
| 3. Rents | | | | |
+-----------------------------------------+----------------+-----------+----------------+-----------+
| 4. Others (Specify) | | | | |
+-----------------------------------------+----------------+-----------+----------------+-----------+
| TOTAL | | | | |
+-----------------------------------------+----------------+-----------+----------------+-----------+
SCHEDULE – XV
[See sub-rule (1) of rule 3 and Form 'B']
INCOME FROM ROYALTY, PUBLICATION ETC.
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Income from Royalty | | |
+-----------------------------------------+----------------+----------------+
| 2. Income from Publication | | |
+-----------------------------------------+----------------+----------------+
| 3. Others (Specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XVI
[See sub-rule (1) of rule 3 and Form 'B']
INTEREST
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. On Term Deposits | | |
| (a) With Scheduled Banks | | |
| (b) With Non- Scheduled Banks | | |
| (c) With Institutions | | |
| (d) Others | | |
+-----------------------------------------+----------------+----------------+
| 2. On Savings Accounts | | |
| (a) With Scheduled Banks | | |
| (b) With Non- Scheduled Banks | | |
| (c) Post Office Savings Accounts | | |
| (d) Others | | |
+-----------------------------------------+----------------+----------------+
| 3. Loans | | |
| (a) Employees/ Staff | | |
| (b) Others | | |
+-----------------------------------------+----------------+----------------+
| 4. Interest on Debtors and Other | | |
| Receivables | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
Note – Tax deducted at source to be indicated
SCHEDULE – XVII
[See sub-rule (1) of rule 3 and Form 'B']
OTHER INCOME
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Profit on Sale/disposal of Assets | | |
| (a) Owned Assets | | |
| (b) Assets acquired out of grants, or| | |
| received free of cost | | |
+-----------------------------------------+----------------+----------------+
| 2. Fees for Miscellaneous Services | | |
+-----------------------------------------+----------------+----------------+
| 3. Miscellaneous Income | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XVIII
[See sub-rule (1) of rule 3 and Form 'B']
ESTABLISHMENT EXPENSES
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Salaries and Wages | | |
+-----------------------------------------+----------------+----------------+
| 2. Allowances and Bonus | | |
+-----------------------------------------+----------------+----------------+
| 3. Contribution to Provident Fund | | |
+-----------------------------------------+----------------+----------------+
| 4. Contribution to Other Fund (specify) | | |
+-----------------------------------------+----------------+----------------+
| 5. Staff Welfare Expenses | | |
+-----------------------------------------+----------------+----------------+
| 6. Travel Expenses (Domestic and Foreign)| | |
+-----------------------------------------+----------------+----------------+
| 7. Contribution to NPS | | |
+-----------------------------------------+----------------+----------------+
| 8. Contribution to Gratuity Fund | | |
+-----------------------------------------+----------------+----------------+
| 9. Expenses on Employees' Retirement and| | |
| Terminal Benefits | | |
+-----------------------------------------+----------------+----------------+
| 10. Others (Specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XIX
[See sub-rule (1) of rule 3 and Form 'B']
OTHER ADMINISTRATIVE EXPENSES
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Purchases | | |
+-----------------------------------------+----------------+----------------+
| 2. Labour and processing expenses | | |
+-----------------------------------------+----------------+----------------+
| 3. Cartage and Carriage Inwards | | |
+-----------------------------------------+----------------+----------------+
| 4. Electricity and power | | |
+-----------------------------------------+----------------+----------------+
| 5. Water charges | | |
+-----------------------------------------+----------------+----------------+
| 6. Insurance | | |
+-----------------------------------------+----------------+----------------+
| 7. Repairs and Maintenance | | |
+-----------------------------------------+----------------+----------------+
| 8. Rent, Rates and Taxes | | |
+-----------------------------------------+----------------+----------------+
| 9. Vehicles Running, Maintenance or | | |
| Hiring charges | | |
+-----------------------------------------+----------------+----------------+
| 10. Postage, Telephone and Communication| | |
| charges | | |
+-----------------------------------------+----------------+----------------+
| 11. Printing and Stationery | | |
+-----------------------------------------+----------------+----------------+
| 12. Travelling and Conveyance Expenses | | |
+-----------------------------------------+----------------+----------------+
| 13. Expenses on Seminar/ Workshops | | |
+-----------------------------------------+----------------+----------------+
| 14. Subscription Expenses | | |
+-----------------------------------------+----------------+----------------+
| 15. Expenses of fee | | |
+-----------------------------------------+----------------+----------------+
| 16. Auditors Remuneration/ Legal fee | | |
+-----------------------------------------+----------------+----------------+
| 17. Hospitality Expenses | | |
+-----------------------------------------+----------------+----------------+
| 18. Professional Charges | | |
+-----------------------------------------+----------------+----------------+
| 19. Provision for Bad and Doubtful Debts/| | |
| Advances | | |
+-----------------------------------------+----------------+----------------+
| 20. Irrevocable Balances written- off | | |
+-----------------------------------------+----------------+----------------+
| 21. Packing Charges | | |
+-----------------------------------------+----------------+----------------+
| 22. Freight and Forwarding Expenses | | |
+-----------------------------------------+----------------+----------------+
| 23. Distribution Expenses | | |
+-----------------------------------------+----------------+----------------+
| 24. Advertisement and Publicity | | |
+-----------------------------------------+----------------+----------------+
| 25. Others (to be specified) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XX
[See sub-rule (1) of rule 3 and Form 'B']
EXPENDITURE ON GRANTS, SUBSIDIES ETC.
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. Grants given to Institutions/ | | |
| Organisations | | |
+-----------------------------------------+----------------+----------------+
| 2. Subsidies given to Institution/ | | |
| Organisations | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
Note: Name of the Entities, their Activities along with the amount of Grants/ subsidies are to be disclosed.
SCHEDULE – XXI
[See sub-rule (1) of rule 3 and Form 'B']
INTEREST
Forming part of Income and Expenditure
Account for the year ended at 31st March
(Amount in Rs.)
+-----------------------------------------+----------------+----------------+
| PARTICULARS | Current Year | Previous Year |
+=========================================+================+================+
| 1. On Fixed Loans | | |
+-----------------------------------------+----------------+----------------+
| 2. On Other Loans (including Bank Charges)| | |
+-----------------------------------------+----------------+----------------+
| 3. Others (specify) | | |
+-----------------------------------------+----------------+----------------+
| TOTAL | | |
+-----------------------------------------+----------------+----------------+
SCHEDULE – XXII
[See sub-rule (1) of rule 3, Form 'A', and Form 'B']
SIGNIFICANT ACCOUNTING POLICIES (Illustrative)
Forming part of Accounts for the year ended at 31st March
1. ACCOUNTING CONVENTION
The financial statements are prepared on the basis of historical cost convention, unless otherwise stated and on
the accrual method of accounting.
2. INVESTMENTS
2.1 Investments classified as "long term investments" are carried at cost. Provision for decline, other than temporary,
is made in carrying cost of such investments.
2.2 Investments classified as "Current" are carried at lower of cost and fair value. Provision for shortfall on the value
of such investments is made for each investment considered individually and not on a global basis.
2.3 Cost includes acquisition expenses like brokerage, transfer stamps.
3. FIXED ASSETS
3.1 Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental and
direct expenses related to acquisition. In respect of projects involving construction, related pre-operational
expenses (including interest on loans for specific project prior to its completion), form part of the value of the
assets capitalised.
3.2 Fixed Assets received by way of non-monetary grants, (other than towards the Corpus Fund), are capitalised at
values stated, by corresponding credit to Capital Reserve.
4. DEPRECIATION
1.1 Depreciation is provided on straight-line method as per rates specified in the Income-tax Act, 1961 except
depreciation on cost adjustments arising on account of conversion of foreign currency liabilities for acquisition of
fixed assets, which is amortized over the residual life of the respective assets.
1.2 In respect of additions to/deductions from fixed assets during the year, depreciation is considered on pro-rata
basis.
1.3 Assets consisting Rs. 5,000 or less each are fully provided.
5. MISCELLANEOUS EXPENDITURE
Deferred revenue expenditure is written off over a period of five years from the year it is incurred.
6. ACCOUNTING FOR SALES
Sales include excise duty and are net of sales returns, rebate and trade discount.
7. GOVERNMENT GRANTS/SUBSIDIES
7.1 Government grants of the nature of contribution towards capital cost of setting up projects are treated as Capital
Reserve.
7.2 Grants in respect of specific fixed assets acquired are shown as a deduction from the cost of the related assets.
7.3 Government grants/subsidy are accounted on realisation basis.
8. FOREIGN CURRENCY TRANSACTIONS
8.1 Transactions denominated in foreign currency are accounted at the exchange rate prevailing at the date of the
transaction.
8.2 Current assets, foreign currency loans and current liabilities are converted at the exchange rate prevailing as at
the year end and the resultant gain/loss is adjusted to cost of fixed assets, if the foreign currency liability related
to fixed assets, and in other cases is considered to revenue.
9. LEASE
Lease rentals are expensed with reference to lease terms.
10. RETIREMENT BENEFITS
10.1 Liability towards gratuity payable on death/retirement of employees is accrued based on actuarial valuation.
10.2 Provision for accumulated leave encashment benefit to the employees is accrued and computed on the
assumption that employees are entitled to receive the benefit as at each year end.
SCHEDULE – XXIII
[See sub-rule (1) of rule 3, Form 'A', and Form 'B']
CONTINGENT LIABILITIES AND NOTES ON ACCOUNTS (Illustrative)
Forming part of Accounts for the year ended at 31st March
1. CONTINGENT LIABILITIES
1.1. Claims against the Entity not acknowledged as debts - Rs. _________
(Previous year Rs. _________)
1.2. In respect of:
Bank guarantees given by/ on behalf of the Entity – Rs. _________ (Previous year Rs. _________)
Letters of Credit opened by Bank on behalf of the Entity – Rs. _________ (Previous year Rs. _________)
Bills discounted with banks Rs. _________ (Previous year Rs. _________)
1.3. Disputed demands in respect of:
Income-tax Rs. _________ (Previous year Rs. _________)
G.S.T. Rs. _________ (Previous year Rs. _________)
Municipal Taxes Rs. _________ (Previous year Rs. _________)
1.4. In respect of claims from parties for non-execution of orders, but contested by the Entity – Rs. _________
(Previous year Rs. _________)
2. CAPITAL COMMITMENTS
Estimated value of contracts remaining to be executed on capital account and not provided for (net of advances)
Rs. _________ (Previous year Rs. _________)
3. LEASE OBLIGATIONS
Future obligations for rentals under finance lease arrangements for plant and machinery amount to Rs. _________
(Previous year Rs. _________).
4. CURRENT ASSETS, LOANS AND ADVANCES
In the opinion of the Management, the current assets, loans and advances have a value on realization in the
ordinary course of business, equal at least to the aggregate amount shown in the Balance Sheet.
5. TAXATION
In view of there being no taxable income under Income-tax Act 1961, no provision for Income tax has been
considered necessary.
6. FOREIGN CURRENCY TRANSACTIONS
6.1. Value of Imports calculated on C.I.F. Basis:
Purchase of finished Goods
Raw Materials & Components (Including in transit)
Capital Goods
Stores, Spares and Consumables
6.2. Expenditure in foreign currency:
Travel
Remittances and Interest payment to Financial Institutions/ Banks in Foreign Currency
Other Expenditures:
• Commission on Sales
• Legal and Professional Expenses
• Miscellaneous Expenses
6.3. Earnings
6.4. Remuneration to auditors:
As auditors:
• Taxation matters
• For management services
• For certification
• Others
7. Corresponding figures for the previous year have to be regrouped/ rearranged, wherever necessary.
8. Schedules I to XXXIII are annexed to and form an integral part of the Balance Sheet as at _______ and the
Income and Expenditure Account for the year ended on that date.
[F. NO.DST/ANRF/Z-02/2023]
AKHILESH GUPTA, Sr. Advisor
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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