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Last Updated on: 27-Oct-20

Section 4(1)

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 .

  1. Organisation and Function

 

S. N. Item Details of disclosure
A B C
1.1 Particulars of its organisation, functions and duties [Section 4(1)(b)(i)]

(i)  Name and address of the Organization

(ii)  Head of the organization

(iii)  Vision, Mission and Key objectives
(iv)  Function and duties
(v)  Organization Chart

(vi)  Any other details

a) What We Are
b) The Journey So Far
c) Corporate Presentation

1.2 Power and duties of its officers and employees [Section 4(1) (b)(ii)]

(i)  Powers and duties of officers (administrative, financial and judicial)

(ii)  Power and duties of other employees

(iii)  Rules/ orders under which powers and duty are derived and

(iv)  Exercised

(v)  Work allocation

Delegation of Power

Organization Chart

All the officers / employees 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.

1.3 Procedure followed in decision making process [Section 4(1)(b)(iii)]

(i)  Process of decision making Identify key decision making points

(ii)  Final decision making authority

(iii)  Related provisions, acts, rules etc.

(iv)  Time limit for taking a decisions, if any

(v)  Channel of supervision and accountability

There is a well defined system in IFCI 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.

1.4 Norms for discharge of functions [Section 4(1)(b)(iv)]

(i)  Nature of functions/ services offered

Department / Functions / Services 

Financial Products

(ii)  Norms/ standards for functions/ service delivery

IFCI Benchmark Rate

Fair Practices Code

Code of Business Conduct & Ethics 

(iii)  Process by which these services can be accessed

a) Loan Application Form

b) SDF - 
https://dfpd.gov.in/listofbasicdocuments.htm
https://dfpd.gov.in/download-forms.htm

c) MSIPS - 
The process of claim submission by Applicants  along with instruction to fill data in the  prescribed format  and Certificates/documents required  for submission of claim are available in MeitY portal  https://www.msips.in/MSIPS/HomePage . All the applicants can login to the portal using the credentials made available to them by MeitY after approval of their project and download the instructions and formats for data submission. A video link is also available wherein the entire process of claim submission is explained in detail.

d) CEGSSC

(iv)  Time-limit for achieving the targets  

(v)  Process of redress of grievances

a) Investor Grievance Mechanism

b) Grievance Redressal Portal

c) Ombudsman

1.5

Rules, regulations, instructions manual and records for discharging functions [Section 4(1)(b)(v)]

(i)  Title and nature of the record/ manual /instruction.

(ii)  List of Rules, regulations, instructions manuals and records.

(iii)  Acts/ Rules manuals etc.

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.

(iv)  Transfer policy and transfer orders

1.6

Categories of documents held by the authority under its control   [Section 4(1)(b) (vi)]  

 

(i)  Categories of documents

(ii)  Custodian of documents/categories

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.

  1. The following are general documents which are held by the department for effective & efficient working of its operations.
    • Article of Association and Memorandum of Association
    • Manuals developed for conducting business and work.
  2. The confidential documents which are exempted from disclosure under section 8 of the Act, are as follows :
    • Minutes of Board Meetings and General Meetings
    • Legal advice, opinions and recommendations for the purpose of deliberative process in the corporation contained in Intra-departmental & Inter-departmental papers.
    • Confidential Reports relating to the performance appraisal of the employees.
    • Information Including commercial confidence, trade secrets or intellectual property, the disclosure of which would harm the competitive position of a third party.
    • Investigatory records compiled for enforcement purpose , but only to the extent that disclosure which would harm any of the following specified interests:
      • Enforcement proceedings.
      • Fair trial or an impartial adjudication
      • Personal privacy.
      • Confidentiality of investigating sources.
      • Techniques, procedures and safety of law enforcement personnel.
      •  
      • Information available to a person in his fiduciary position.
      • Information received in confidence from foreign government.
      • Information, the disclosure, of which would endanger the life or physical safety of any person or identify the source of information or assistance given in confidence of law enforcement or security purpose.
      • Information which relates to personal information the disclosure of which has no relationship to any public activity or interest, or which would cause unwarranted invasion of the privacy of the individual.
      • Information specifically exempted from disclosure by status.
      • Information, disclosure of which would prejudicially affect the sovereignty & integrity of India, Security status, Scientific or economic interest, International Relations or leads to incitement of an offence.
      • Information which has been expressly forbidden to be published by any court of law or tribunal or the disclosure of which may constitute contempt of court.
      • Information, disclosure of which would cause a breach of privilege of parliament or the state Legislature.
      • Any other document which the management in its sole discretion decides to keep as confidential.
      • Each department is maintaining its own documents.

 

 

1.7

Boards, Councils, Committees and other Bodies constituted as part of the Public Authority [Section 4(1)(b)(viii)]

()

(i)  Name of Boards, Council, Committee etc.

(ii)  Composition

(iii)  Dates from which constituted

(iv)  Term/ Tenure

(v)  Powers and functions

(vi)  Whether their meetings are open to the public?

(vii)  Whether the minutes of the meetings are open to the public?

(viii)  Place where the minutes if open to the public are available?

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

  1. Audit Committee.
  2. HR Committee.
  3. Executive Committee.
  4. Risk Management Committee
  5. Corporate Social Responsibility Committee
  6. Nomination and Remuneration Committee.
  7. Stakeholders Relationship Committee
  8. Recovery and NPA Management Committee
  9. E – Governance Committee
  10. Review Committee on Willful Defaulters
  11. Business Responsibility Committee

All the above Committees are at present, permanent in nature.

Other Committees are

  1. Credit & Investment Committee (CIC)
  2. Credit Recommendation Committee (CRC)
  3. Risk & Asset Liability Management Committee of Executives (RALMCE)
  4. Screening Committee of Executives (SCE)
  5. Share Transfer Committee of Executives
  6. Credit Operations Committee
  7. Audit Committee of Executives (ACE)
  8. Committee for identifying Non-Cooperative Borrowers and Wilful Defaulters
  9. IT Committee
  10. Real Estate Committee (REC)
  11. Official Language Implementation Committee
  12. Prevention of Sexual Harassment Committee
  13. Monitoring Committee (For implementation of IFRS based Indian Accounting Standards)
  14. HR Review Committee
  15. Operating Committee for disclosure to Stock Exchanges
  16. Treasury Committee
  17. Executive Committee for Disinvestment of IFCI's Stake in Subsidiaries/Associates
  18. Rating Committee
  19. Fraud Risk Management Committee (FRMC)
  20. Committee for Empanelment of Detective Agencies
  21. Syndication and Advisory Fee Committee
  22. Operations Management Committee
  23. Asset Monetisation Committee

The Meeting and the minutes of Board and Board level committee meetings are not open for general public as per the provisions of the Companies Act, 2013.They are open to the inspection of Directors and statutory / regulatory bodies as per the provisions of the Companies Act, 2013

1.8 Directory of officers and employees [Section 4(1) (b) (ix)]   (i)  Name and designation
(ii)  Telephone , fax and email ID
1.9 Monthly Remuneration received by officers & employees including system of compensation [Section 4(1) (b) (x)]   (i)  List of employees with Gross monthly remuneration
(ii)  System of compensation as provided in its regulations
1.10

Name, designation and other particulars of public information officers   [Section 4(1) (b) (xvi)]  

(i)  Name and designation of the public information officer (PIO), Assistant Public Information (s) & Appellate Authority  
(ii)  Address, telephone numbers and email ID of each designated official.
1.11

No. Of employees against whom Disciplinary action has been proposed/ taken   (Section 4(2))  

No. of employees against whom disciplinary action has been  

(i)  Pending for Minor penalty or major penalty proceedings  

(ii)  Finalised for Minor penalty or major penalty proceedings

As per Section 20(2) of RTI Act, there are 'Nil' disciplinary cases against CPIO for disposal of RTI queries.

1.12 Programmes to advance understanding of RTI   (Section 26) (i)  Educational programmes
(ii)  Efforts to encourage public authority to participate in these programmes  

(iii)  Training of CPIO/APIO

Residential workshop on RTI act  -  14-15 February, 2019

Implementation of the provisions of the RTI Act 2005 & RTI Rules 2012  -  11-12 June, 2019

The emerging trends of the RTI Act 2005  -  29-30 November, 2019

(iv)  Update & publish guidelines on RTI by the Public Authorities concerned  
1.13 Transfer policy and transfer orders [F No. 1/6/2011- IR dt. 15.4.2013]      View

 

2. Budget and Programme

 

S. N. Item Details of disclosure
A B C
2.1

Budget allocated to each agency including all plans, proposed expenditure and reports on disbursements made etc. [Section 4(1)(b)(xi)]

(i)  Total Budget for the public authority

(ii)  Budget for each agency and plan & programmes

(iii)  Proposed expenditures

(iv)  Revised budget for each agency, if any

(v)  Report on disbursements made and place where the related reports are available

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.

The Budget for subsidy / incentive programmes viz. SDF, M-SIPS and CEGSSC is provided at sr. no. 2.3 below.

2.2 Foreign and domestic tours (F. No. 1/8/2012- IR dt. 11.9.2012)

(i)  Budget

 

(ii)  Foreign and domestic Tours by ministries and officials of the rank of Joint Secretary to the Government and above, as well as the heads of the Department.

a)  Places visited

b)  The period of visit

c)  The number of members in the official delegation

d)  Expenditure on the visit

   

(iii)  Information related to procurements

a)  Notice/tender enquires, and corrigenda if any thereon,

b)  Details of the bids awarded comprising the names of the suppliers of goods/ services being procured,

c)  The works contracts concluded – in any such combination of the above-and

d)  The rate /rates and the total amount at which such procurement or works contract is to be executed.

Tenders Awarded

2.3 Manner of execution of subsidy programme [Section 4(i)(b)(xii)]

(i)  Name of the programme of activity

a) SDF - Sugar Development Fund, under the Sugar Development Fund Act, 1982, under the Ministry of Consumer Affairs, Food & Public Distribution (MoCAFPD)

b) M-SIPS - Modified Special Incentive Package Scheme, under the Ministry of Electronics & Information Technology (MeitY)

c) CEGSSC - Credit Enhancement Guarantee Scheme for the Scheduled Castes (CEGSSC), under the Ministry of Social Justice and Empowerment (MoSJE)

(ii)  Objective of the programme

a) SDF - 
About SDF
SDF Presentation
Scheme details on Ministry site

b) MSIPS - 
About MSIPS
Ministry site

c) CEGSSC -

Scheme
 

(iii)  Procedure to avail benefits

a) SDF
Download Form

b) MSIPS - 
The process of claim submission by Applicants  along with instruction to fill data in the  prescribed format  and Certificates/documents required  for submission of claim are available in MeitY portal  https://www.msips.in/MSIPS/HomePage . All the applicants can login to the portal using the credentials made available to them by MeitY after approval of their project and download the instructions and formats for data submission. A video link is also available wherein the entire process of claim submission is explained in detail.

c) CEGSSC

(iv)  Duration of the programme/ scheme

a) SDF

b) MSIPS 
About MSIPS 
Ministry site 

c) CEGSSC 

(v)  Physical and financial targets of the programme

a) SDF

b) MSIPS - 
About MSIPS
Ministry site

c) CEGSSC

(vi)  Nature/ scale of subsidy /amount allotted

a) SDF - 
SDF Presentation

Disbursements & Recoveries

b) MSIPS

c) CEGSSC

(vii)  Eligibility criteria for grant of subsidy


a) SDF -
SDF Act
SDF Rules
SDF Guidelines

b) MSIPS
c) CEGSSC

(viii)  Details of beneficiaries of subsidy programme (number, profile etc)

a) SDF

b) MSIPS

c) CEGSSC

2.4

Discretionary and non-discretionary grants [F. No. 1/6/2011-IR dt. 15.04.2013]  

(i)   Discretionary and non-discretionary grants/ allocations to State Govt./ NGOs/other institutions

(ii)  Annual accounts of all legal entities who are provided grants by public authorities

IFCI has implemented the RTI Act, 2005 from 2013 onwards, following the applicability of the RTI Act to IFCI. Since then, following is the list of grants provided till 30/11/2019:
1) Institute of Leadership Development (ILD), Jaipur - Rs.26.62 lakh (Feb 2015).

Total Grants provided - Rs.26.62 lakh.

2.5 Particulars of recipients of  concessions, permits of authorizations granted by the public authority [Section 4(1) (b) (xiii)]

(i)  Concessions, permits or authorizations granted by public authority

Not Applicable

(ii)  For each concessions, permit or authorization granted

a)  Eligibility criteria

b)  Procedure for getting the concession/ grant and/ or permits of authorizations

c)  Name and address of the recipients given concessions/ permits or authorisations

d)  Date of award of concessions /permits of authorizations  

Not Applicable

2.6 `CAG & PAC paras [F No. 1/6/2011- IR dt. 15.4.2013]

CAG and PAC paras and the action taken reports (ATRs) after these have been laid on the table of both houses of the parliament.

Observations of CAG and comments of IFCI's management are included in our annual reports, which are available here

Further, CAG's Performance Audit report on Credit Risk Management in IFCI is available here

 

3. Publicity Band Public interface

S. N. Item Details of disclosure
A B C
3.1

Particulars for any arrangement for consultation with or representation by the members of the public in relation to the formulation of policy  or implementation there of   [Section 4(1)(b)(vii)]   [F No 1/6/2011-IR dt. 15.04.2013]

Arrangement for consultations with  or representation by the members of the public

(i)  Relevant Acts, Rules, Forms and other documents which are normally accessed by citizens

(ii)  Arrangements for consultation with or representation by

a)  Members of the public in policy formulation/ policy implementation

b)  Day & time allotted for visitors

c)  Contact details of Information & Facilitation Counter (IFC) to provide publications frequently sought by RTI applicants

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.

The organisation chart is provided here

Contact details for our various offices are provided here

Respective Offices / Departments may be contacted during office hours i.e. 9.30 a.m. to 5.30 p.m., Monday to Friday.

Additionally, Investors / Shareholders may reach out through the following link

Public- private partnerships (PPP)

(i)  Details of Special Purpose Vehicle (SPV), if any

(ii)  Detailed project reports (DPRs)

(iii)  Concession agreements.

(iv)  Operation and maintenance manuals

(v)  Other documents generated as part of the implementation of the PPP

(vi)  Information relating to fees, tolls, or the other kinds of revenues that may be collected under authorisation from the government

(vii)  Information relating to outputs and outcomes

(viii)  The process of the selection of the private sector party (concessionaire etc.)

(ix)  All payment made under the PPP project

Not applicable. IFCI is not a concession issuing authority for any PPP project.

3.2 Are the details of policies / decisions, which affect public, informed to them [Section 4(1) (c)]

Publish all relevant facts while formulating important policies or announcing decisions which affect public to make the process more interactive; (i)  Policy decisions/ legislations taken in the previous one year  

IFCI Benchmark Rate
 

Fair Practices Code

Code of Business Conduct & Ethics

(ii)  Outline the Public consultation process

Not Applicable

(iii)  Outline the arrangement for consultation before formulation of policy

Not Applicable

3.3 Dissemination of information widely and in such form and manner which is easily accessible to the public [Section 4(3)]

Use of the most effective means of communication (i)  Internet (website)

Suo moto disclosure of information under clause 4.1.(b) of the RTI Act is published on our website https://www.ifciltd.com/ , including this web page.

Further certain information is also published through notice boards, newspapers, media broadcast, etc.

3.4

Form of accessibility of information manual/ handbook [Section 4(1)(b)]

Information manual/handbook available in

(i)  Electronic format

(ii)  Printed format

Suo moto disclosure of information under clause 4.1.(b) of the RTI Act is published on our website https://www.ifciltd.com/ , including this web page.

Further certain information is also published through notice boards, newspapers, media broadcast, etc.

 
3.5

Whether information manual/ handbook available free of cost or not [Section 4(1)(b)]

List of materials available

(i)  Free of cost

(ii)  At a reasonable cost of the medium

Suo moto disclosure of information under clause 4.1.(b) of the RTI Act is published on our website https://www.ifciltd.com/ , including this web page. Access to information on the website is free of cost.

   

4. E. Governance

S .N. Item Details of disclosure
A B C
4.1 Language in which Information Manual/Handbook Available [F No. 1/6/2011-IR dt. 15.4.2013]

(i)  English  

Suo moto disclosure of information under clause 4.1.(b) of the RTI Act is published on our website https://www.ifciltd.com/ , including this web page.

(ii)  Vernacular/ Local Language

Suo moto disclosure of information under clause 4.1.(b) of the RTI Act is also published on our Hindi website - https://www.ifciltd.com/?q=hi , and following is link to our hindi RTI page - https://www.ifciltd.com/?q=hi/content/%E0%A4%A7%E0%A4%BE%E0%A4%B0%E0%A4%....

4.2 When was the information Manual/Handbook last updated? [F No. 1/6/2011-IR dt 15.4.2013]

Last date of Annual updation

Website is regularly updated.

4.3 Information available in electronic form [Section 4(1)(b)(xiv)] (i)  Details of information available in electronic form

(ii)  Name/ title of the document/record/ other information

(iii)  Location where available

Information pertaining to suo moto disclosure under clause 4.1.(b) of the RTI Act and certain additional information is already published on our website https://www.ifciltd.com/ , including this web page. 

Further, other documents are available on our internal IT systems and if such documents are not exempt under section 8 of the RTI Act, then the same may be shared based on receipt of suitable RTI application.

4.4

Particulars of facilities available to citizen for obtaining information [Section 4(1)(b)(xv)]

(i)    Name & location of the faculty

(ii)  Details of information made available

(iii)  Working hours of the facility

(iv)  Contact person & contact details (Phone, fax email)      

Information pertaining to suo moto disclosure under clause 4.1.(b) of the RTI Act and certain additional information is already published on our website https://www.ifciltd.com/ , including this web page. 

Contact details of CPIOs are provided here . Citizens may approach the CPIOs within the framework of the RTI Act, 2005.

IFCI's shareholders are Government of India, Nationalised Banks / FIs, other State run Insurance Companies and the Public. Shareholders are welcome to attend the Annual General Meetings of IFCI. IFCI also publishes its quarterly and annual results/reports in IFCI's website and in the news papers.

Additionally, Investors / Shareholders may reach out through the following link

The organisation chart is provided here

Contact details for our various offices are provided here

Respective Offices / Departments may be contacted during office hours i.e. 9.30 a.m. to 5.30 p.m., Monday to Friday.

Please note that, the Company does not maintain any library or reading room for public use.

4.5 Such other information as may be prescribed under section 4(i) (b)(xvii)

(i)  Grievance redressal mechanism

a) Investor Grievance Mechanism

b) Grievance Redressal Portal

c) Ombudsman

(ii)  Details of applications received under RTI and information provided

 

IFCI has implemented the RTI Act, 2005 from 2013 onwards, following the applicability of the RTI Act to IFCI and has been providing information under the Act to the citizens ensuring transparency and fairness in its business activities.

Following is the year-wise count of applications / first appeals received by IFCI, and the same were disposed off within the stipultated time, as per the provisions of the RTI Act, 2005:

FY 2012-13 - 32 applications.
FY 2013-14 - 134 applications and 11 appeals.
FY 2014-15 - 110 applications and 30 appeals.
FY 2015-16 - 114 applications and 40 appeals.
FY 2016-17 - 142 applications and 16 appeals.
FY 2017-18 - 95 applications and 13 first appeals. 
FY 2018-19 - 98 applications and 07 first appeals
FY 2019-20 – 117 applications and 10 first appeals

(iii)  List of completed schemes/ projects/ Programmes

(iv)  List of schemes/ projects/ programme underway

Details of subsidy / incentive schemes underway are provided in detail at sr. no. 2.3 above. Links to the overview of the schemes are provided below for easy reference:

a) SDF - 
About SDF
SDF Presentation
Scheme details on Ministry site

b) MSIPS - 
About MSIPS
Ministry site

c) CEGSSC

About CEGSSC

(v)  Details of all contracts entered into including name of the contractor, amount of contract and period of completion of contract

Details of all Tenders awarded

(vi)  Annual Report

(vii)  Frequently Asked Question (FAQs)

FAQs for Shareholders

FAQs for Bondholders

(viii)  Any other information such as

a)  Citizen’s Charter

b)  Result Framework Document (RFD)

c)   Six monthly reports on the

d)  Performance against the benchmarks set in the Citizen’s Charter

Not Applicable

4.6 Receipt & Disposal of RTI applications & appeals [F.No 1/6/2011-IR dt. 15.04.2013]

(i)  Details of applications received and disposed

(ii)  Details of appeals received and orders issued

IFCI has implemented the RTI Act, 2005 from 2013 onwards, following the applicability of the RTI Act to IFCI and has been providing information under the Act to the citizens ensuring transparency and fairness in its business activities.

Following is the year-wise count of applications / first appeals received by IFCI, and the same were disposed off within the stipultated time, as per the provisions of the RTI Act, 2005:

FY 2012-13 - 32 applications.
FY 2013-14 - 134 applications and 11 appeals.
FY 2014-15 - 110 applications and 30 appeals.
FY 2015-16 - 114 applications and 40 appeals.
FY 2016-17 - 142 applications and 16 appeals.
FY 2017-18 - 95 applications and 13 first appeals. 
FY 2018-19 - 98 applications and 07 first appeals

4.7 Replies to questions asked in the parliament [Section 4(1)(d)(2)] Details of questions asked and replies given

 

5. Information as may be prescribed

 

S. N. Item Details of disclosure
A B C
5.1 Such other information as may be prescribed [F.No. 1/2/2016-IR dt. 17.8.2016, F No. 1/6/2011-IR dt. 15.4.2013]

(i)  Name & details of

(a)  Current CPIOs & FAAs

(b)  Earlier CPIO & FAAs from 1.1.2015

(ii)  Details of third party audit of voluntary disclosure  

(a)  Date(s) of audit carried out :- 15/06/2020

(b)  Report of the audit carried out

(iii)  Appointment of Nodal Officers not below the rank of Joint Secretary/ Additional HoD  

(a)  Date of appointment

(b)  Name & Designation of the officers  

(iv)  Consultancy committee of key stake holders for advice on suo-motu disclosure  

(a)  Dates from which constituted

(b)  Name & Designation of the officers

(v)  Committee of PIOs/FAAs with rich experience in RTI to identify frequently sought information under RTI  

(a)  Dates from which constituted

(b)  Name & Designation of the Officers

   

6. Information Disclosed on own Initiative

 

S. N. Item Details of disclosure
A B C
6.1 Item / information disclosed so that public have minimum resort to use of RTI Act to obtain information
List of Issues for which IFCI is a Debenture Trustee
Debenture Trustee Reports

Archive of Sale Notices & Tenders for NPA assets

CSR Policies

6.2 Guidelines for Indian Government Websites (GIGW) is followed (released in February, 2009 and included in the Central Secretariat Manual of Office Procedures (CSMOP) by Department of Administrative Reforms and Public Grievances, Ministry of Personnel, Public Grievance and Pensions, Govt. Of India)

(i)  Whether STQC certification obtained and its validity.

(ii) Does the website show the certificate on the Website?

Not Applicable