INFORMATION ON IFCI LIMITED PURSUANT TO THE PROVISIONS OF RIGHT TO INFORMATION ACT, 2005
Pursuant to the provisions of the Right to Information Act, 2005 and in compliance with Section 4(1)(b) of Right to information Act, 2005, the following information is published .
|4.b.i||The particulars of organization functions and duties|
|4.b.ii||The powers and duties of its officers and employees||All the officers of IFCI have specific duties and delegated powers as required for the day-to-day functions depending upon their positions/area of work. The Board decides the delegation of such powers of various grades of officials. These powers are reviewed / revised periodically, depending upon the organization's requirement and also Government / RBI guidelines.|
|4.b.iii||The procedure followed in the decision making process, including channels of supervision and accountability.||There is a well defined system inIFCI regarding decision making process.IFCI formed committees in respect of lending, investing, recovery and other concerned operational matters. There is a defined organizational structure and clear system of accountability based on RBI / CVC guidelines. All credit decisions approved by any sanctioning authority are reported to the next higher authority for control / monitoring purpose. The system of exercising proper delegation of power and submission of reports is in place and they are being monitored regularly.Administrative decisions are taken at various levels of Officers and also by Executive Director, CEO and Managing Director as per the powers delegated to them by the Board.|
|4.b.iv||The norms set by IFCI for the discharge of its functions.||The policies and norms are duly approved by the Board of Directors of IFCI and necessary instructions are issued.|
|4.b.v||The rules, regulations, instructions, manuals and records, held by IFCI or under its control or used by its employees for discharging its functions.||There are a number of documents like manuals, book of instructions, codified circulars, delegation of powers, issued for internal use by the employees for discharging various functions.|
|4.b.vi||A statement of the categories of documents that are held byIFCI or under its control.||The documents are classified in terms of confidential (which may not be made available to public) and general. The documents held by the company are normally meant for reference within the company by the concerned and responsible officer.
|4.b.vii||The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof.||IFCI's shareholders are Government of India, Nationalised Banks / FIs , other State run Insurance Companies and the Public. The issues concerning the policies can be raised by the shareholders in the Annual General Meetings of IFCI. IFCI also publishes its quarterly and annual results/reports in IFCI's website and in the news papers.|
|4.b.viii||A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public.||IFCI Ltd. is governed by its Board of Directors and its various Committees which are listed below. The Board and its Committees meet at regular intervals and guide IFCI in achieving its objectives. The Board Level Committees of IFCI are
Other Committees are
The minutes of Board and Board level committee meetings are not open for general public as per the provisions of the Companies Act, 1956.They are open to the inspection of Directors and statutory / regulatory bodies as per the provisions of the Companies Act, 1956.
|4.b.ix||A directory of its officers and employees.||The list of officers posted in various branches and Head Office are available with Branch Offices /Head Office respectively.|
|4.b.x||The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations||Scale of Pay & Allowances|
|4.b.xi||The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made.||The budget allocated to each of its functional / operational domain, indicating the particulars of all plans, proposed expenditures and reports on disbursements made are matters of commercial confidence.|
|4.b.xii||The manner of execution of subsidy programmes including the amounts allocated and the details of beneficiaries of such programmes.||Nodal Agency for Sugar Development Fund|
|4.b.xiii||Particulars of recipients of concession, permits or authorizations granted by it.||NA|
|4.b.xiv||Details in respect of the information available to or held by it, reduced in an electronic form.||An indicative list of Information available.|
|4.b.xv||The particulars of facilities available to citizens for obtaining information including the working hours of a library or reading room, if maintained for public use.||The facilities for availing information are available to citizens at the FI's website. Public can also approach CPIO / CAPIOs of theIFCI whose addresses are given atour website.|
|4.b.xvi||The names, designations and other particulars of the public Information officers||In-charges of branch offices have been designated as the CAPIOs for their respective areas and a Deputy General Manager at HO, New Delhi has been designated as CPIO. The addresses of the Branch offices are available atour website i.e. www.ifciltd.com|
Note: While adequate care has been taken to make disclosures under the above Sections, there may be some information which may have to be updated or deleted from time-to-time. The same would be taken care at appropriate occasions.