GUJARAT STATE FINANCIAL CORPORATION · The main objective of the Corporation is to have a balanced industrial growth in the State of Gujarat. Since 2001, Corporation has discontinued

GUJARAT STATE FINANCIAL CORPORATION

1. The Particulars of its Organization, Functions & Duties.

Gujarat State Financial Corporation is established in the year 1961 under the State

Financial Corporations Act,1951. It is under the control of Industries & Mines

Department of Government of Gujarat. The main activity of the Corporation was to

sanction/disburse of loans and advances to small and medium industrial units under

various schemes. The main objective of the Corporation is to have a balanced industrial

growth in the State of Gujarat. Since 2001, Corporation has discontinued its main activity

viz., lending and advancing. Since then, it is concentrating only on recovery and its allied

functions. The Corporation is discharging its functions/duties through the Board of

Directors. The Board of Directors consist of Chairman, Managing Director, nominees of

State Government and nominees of SIDBI.


3. The Procedure followed for decision making process, including channels of supervision and accountability.

The same is followed as per the chart provided at http://gsfc.gujarat.gov.in/RTI/rti2.aspx above. Decision is taken as per the delegation of Powers and if found necessary final decision is required to be made after getting necessary approval from Board/MD.


2. The Powers and Duties of Officers and Employees.

At present 106 employees are working in the Corporation, and out of which 29 are on deputation to various offices of the State Government. Corporation is having 06 officers and they are discharging their duties as per the policy of the Corporation. The officers/employees of the Corporation are governed as per the provisions of GSFC (Staff) Regulations 1961 of the Corporation and the Policy of the State Government in this respect. Further, Board of Directors in its meeting held on 30.09.2003 passed resolution in respect of implementing the provisions of Gujarat Civil Services (Conduct) Rules, 1971 and Gujarat Civil Service (Disciplinary & Appeal) Rules, 1971 wherever they are not inconsistent with the present GSFC (Staff) Regulations, 1961.

Annexure "A"

ORGANISATIONAL CHART OF GUJARAT STATE FINANCIAL CORPORATION

Head Office Regional Office

Annexure "B"

REVISED DELEGATION OF POWERS ON HRD (PERSONNEL) MATTERS W.E.F. 16.08.2011

SR. NO.

DESCRIPTION OF POWERS OFFICER EXTENT OF DELEGATION OF POWERS

1. Taking indemnity Bond and security bonds from employees on first appointment as approved by the Board/MD

Executive Officer (HRD) Full Powers

2. Taking securities from the staff handling cash as Executive Officer (HRD) Full Powers



approved by the Board/MD

3. Acceptance of declaration U/Sec.40 of the SFCs Act. Executive Officer (HRD) Full Powers

4. Acceptance of Medical Certificate under Regulation 10 of the Staff Regulations and reimbursement of fees for medical examination as per prescribed norms.


5. Acceptance of certificate of good character. Executive Officer (HRD) Full Powers

6. Confirmation on completion of probation period. Executive Officer (HRD) Full Powers

7 To record CRs in which no advisory/adverse remarks are attributed and overall performance is "good"


8 Communication of adverse /advisory remarks M.D

Executive Officer (HRD)

Full Powers

Full powers for B & C grade employees.

9 Sanction of charge allowance M.D Full Powers

10 Sanction of TB Leave and diet allowance M.D. Executive Officer (HRD)

Full powers For "B" &"C" grade Employees

11 Grant of Normal increment M.D. / Executive Officer (HRD)

Full Powers

12 Travelling allowance - counter signature All Executives Officers/Jr. Executives at HO/Region have full powers including their own bills

They will countersign their own TA Bills. They will also countersign the TA Bills of all the staff in the department under their control in the Section / Region

13 Sanction of CL/EL/SL M.D.

Full Powers for `A" cadre officers



Executive Officers Executive Officers

Full powers for the employees working under their jurisdiction.

Full powers for the employees working under their jurisdiction.

For all

14 Sanction of ordinary Sick and Special Leave, joining time, LTC benefit, leave/LTC encashment

MD Executive Officer (HRD)

Full Powers

Full Powers for B & C Grade employees

15. Payment of actual claims of LTC/LTC encashment sanctioned by the competent authority.

Executive Offier (Account)

Regional Manager

Full Powers

Full Powers for officers and staff working in the respective Region.

16. Sanction of advance for LTC M.D.


Regional Manager

Full Powers


Full Powers for Officers and Staff working in the respective Region.

17 Grant of extra ordinary leave M.D. Full Powers

18 Grant of transfer. Travelling Allowance as per rules. M.D. Full Powers




Regional Manager


Full Powers for Officers and Staff working in the respective Region.

19 Grant of motor car /scooter /moped cycle/fan advance

M.D. Full Powers

20 Grant of HBA, and Loan of HBA repair loan of HBA M.D. Full Powers

21 Grant of incentive increment for small family norms M.D. Full Powers

22 To engage advocate for admn & seravice matters pertaining to employees and to incur expenses thereon

M.D. Executive Officer (HRD)

Full Powers

Full powers

23 Filing of affidavit/petition, statement of defence etac before court of law/conciliation officer in service nature on behalf of the Corporation

M.D. All Executrives and Junior Executives at HO & Regional Managers as per existing norms

Full Powers

Full Powers

Full Powers

24 To incur expenditure on training M.D. Full Powers

25 Contribution to GSFC employees PF M.D. Full Powers

26 Sanction and payment of gratuity M.D. Executive Officer (HRD)

Full Powers

27 Investment of Corporation money as authorised by Board

M.D. Full Powers

28 Conveyance charges All Executive Officers at HO

For all Section Heads working under them including their own claims and full powers



a : A Grade officers/HOD/other than Section Head

b : For B & C Grade employees

Regional Manger for staff For all Section Heads working under them including their own claims and full powers for staff members working under them.

29 Transfer of officers and employees MD Full Powers

30 To sanction advance of pay M.D. Full Powers

31 To sanction TA, expennses for training M.D.

Executive Officer (HRD) Regional Manager

Full Powers Full Powers for officers / employees working under their administrative control subject to prescribed norms.

32 To sanction festival/foodgrain advance M.D. Full Powers

33 Forwarding of applications for outside jobs/grant of NOC for outside jobs.

M.D Executive Officer (HRD)

Full Powers

Full Powers In respect of officers upto the cadre of Officers

34 NOC for Passport M.D. Executive Officer (HRD)

Full Powers

Full Powers

35 Publication of draft & final seniority list. MD Full Powers

36 Payment of premium to insurance companies as per schemes approved by the Board.


Full Powers Full Powers

37 Sanction of insurance claims admitted by the M.D. Full powers



Insurance Co. in respect of Group Personal Accident Ins. Scheme Group Saving Linked Insu. Scheme etc.

Executive Officer (HRD) Full powers

38 Grant of permission to travel by higher class of accommodation by train/air and grant of overstay in connection with official tour, training etc.

MD Full powers

39. Payment of membership subscription of training, research institutions, purchase of reference books, cassettes, training aids etc. in Personnel / HRD.


Full powers Full Powers for "B" & "C" cadre employees

40 Issuance of warning / memo, issuance of show-cause notice, charge sheet, warning and institution of disciplinary proceedings.

MD Executive Officer (HRD)

Full Powers

Full Powers For B & C grade employees.

41 Grant of special pay as per Government Policy M.D. Full Powers

Annexure "C"

REVISED DELEGATION OF POWERS ON HRD (ADMINISTRATVE) MATTERS W.E.F. 16.08.2011

SR. NO.

DESCRIPTION OF POWERS OFFICER EXTENT OF DELEGATION OF

POWERS

SR. NO.

DESCRIPTION OF POWERS OFFICERS EXTENT OF DELEGATION OF

POWERS

1 Hiring of accommodation for office purpose

M.D.

Full Powers



2 Renewal of lease/hired premises MD Full Powers

3 Expenses on additions and alterations to the Corporation's premises/hired premises

MD Full Powers

4 Maintenance and repairs to Corporation's premises/hired premises

MD Full Powers

5 To sanction purchase of

a. Furniture, electrical equipments like fans, air coolers, AC etc

MD Full Powers

Executive Officer Rs. 25,000/- at a time and Rs.1.00 lakh in a year

Regional Manager Rs. 25,000/- at a time and Rs. 1.00 lakh in a year

b. Furniture, curtains, screens etc

MD

Full Powers


Rs. 10,000/- at a time and Rs. 50,000/- in a year

Regional Manager

Rs. 10,000/- at a time and Rs.50,000/- in a year

c. Cabinets, Sofas, cupboards etc MD Full Powers

d. Calculators including xerox machine, fax machine and MD Full Powers



other office equipments e. Purchase of any instruments, equipments new devices for office use f. Purchase of copier machine and communication machines

MD

MD

Full Powers

Full Powers

g. Repairs of xerox/fax, AC, Fridge, duplicating machine, telephone, computers etc

MD

Full Powers


Full Power

Executive Officer (A/cs)

Full Powers

Regional Manager

Full Powers

h. To get papers Xeroxed or faxed as per requirements MD

Full Powers


Full Powers

Regional Manager Full Powers

i. Purchase of computers, computer software, computer stationery and repairs and maintenance thereof

MD Full Powers



j. Assignment of work to a computer agency.

MD Full Powers

6 To sanction hire charge for items at Sr No. 5 MD Full Powers

7 Purchase of stationery articles MD

Full Powers


Rs. 10,000/- at a time and Rs. 1.00 lakh in a year

Regional Manager

Rs. 10,000/- at a time and Rs. 1.00 lakh in a year

8 Contingency expenses

MD

Full Powers

9 To incur expenses on repairing, maintenance and purchase of spare parts for vehicles, tyres, tubes, taxes,

MD

Full Powers



insurance etc



Regional Manager


10 Expenses on diesel, petrol, oil etc` MD Full Powers


Regional Manager

Full Powers

11 Expenses for hiring vehicles MD

Full Powers


Full Powers

Regional Manager Up to Rs.5,000/- and Rs.50,000/- in a year

12 Disposal of old vehicles and replacement thereof

MD

Full Powers



13 Service charges of rate contract regarding Air conditioners, Water Coolers, Refrigerators, Xerox / Fax machines and other paper copier machines

MD

Full Powers


Full Powers


14 Payment of electricity bills Executive Officer (HRD)

Full Powers


15 Expenses in connection with franking machine, weight measures and weighing machine


Full Powers


16 Expenses on purchase of books, magazines, newspapers, market reports and other publications on banking economics, finance, legal or technical and management subjects

MD Full Powers

17 Subscription to : - Daily newspapers - Weekly financial newspapers

MD

Full Powers


Full Powers



- Official gazette of Central/State Govt.


18 To sanction expenses of Advt. in newspapers and periodicals

MD Full Powers


Regional Manager

Full Powers

19 To incur expenses on stationery, notices including tender notices to be published in press approved by MD

MD

Full Powers


Full Powers

Regional Manager

Full Powers

20 To incur expenses on printing of forms, registers, annual reports, brochures etc

MD Full Powers


Regional Manager

Full Powers

21 To incur expenses on telephone bills and reimbursement of telephone bills to officers as approved by competent authority

MD Full Powers



22 To supply uniforms, shoes, raincoats, bags etc to peons and drivers

MD

Full Powers



23 Disposal of waste paper



24 Disposal of unserviceable articles MD Full Powers


Regional Manager

Full Powers

25 Labour charges in connection with shifting or transfer of dead stock, furnitures, records etc



26 Watchman charges and management charges on account of attachment of property of the defaulting loanees as per norms fixed by competent authority

MD Full Powers


Regional Manager

Full Powers

27 Auditor's fees and other expenses including for tax matters as approved by competent authority

MD Full Powers

28 Director's fees and other expenses

MD Full Powers

Secretary (Board) Full Powers

29 Entertainment / Refreshment expenses to official guests, representatives and others attending conference

MD

Full Powers



called by Govt/IDBI or for official meetings called by the Corporation



Regional Manager Rs. 5,000- at a time and Rs. 25,000/- in a year

30 Full and final payment to Advocates, Solicitors including advance fee or expenses in all type of cases or Personnel & Adm cases

MD

Full powers

31 To write-off dead stock articles MD Full Powers


Regional Manager

Full Powers

32 To sanction payment of rent, municipal taxes for bldg. premises and other taxes

MD Full Powers



33 To incur expenses on reimbursement of tea canteen subsidy

MD Full Powers



34 To sanction expenses on public relation work/press liaison

MD

Full powers



35 To sanction advance for purchase of stationery, printing, servicing, other contingency expenses for holding text for recruitment, training programmes etc

MD

Full powers

36 To sanction expenses on minor repairs of furnitures, equipments of building

MD Full Powers

Executive Officer (HRD) & Regional Manager


37 Reimbursement of medical expenses (ordinary)


Full Powers

38 Reimbursement of Special medical bill MD

Full Powers

Executive Officer (HRD) Up to Rs.10,000/-



Annexure "C"

REVISED DELEGATION OF POWERS ON RECOVERY MATTERS - W.E.F. 16.08.2011

SR. NO.

DESCRIPTION OF POWERS OFFICER

EXTENT OF DELEGATION OF POWERS

1 Taking possession under the SFCs Act

RM

Full Powers

2 Return/Restoration of primary/collateral security on receipt of full payment, in case of sale/release/OTS as decided by competent authority

RM Full Powers

2A Return / restoration of possession of primary / collateral security in all cases other than those covered under (2) above

MD

Full Powers

3 To engage Advocates and payment of fees to Solicitors, Advocates, Govt Pleaders

MD

Executive Officer (Legal)/ RM

Full Powers

Powers as per norms fixed by MD/Board

4 Filing of affidavit/petition All officers of HO/Regional Full Powers



statement of defence etc before Court of Law or judicial authority including withdrawal of the same if there is a special order in writing from MD

Office and all Sr Officers as per the earlier Notification of

official Gazette.

5 Watch and ward arrangement to be made at a cost as may be approved by MD

MD RM


6 Execution of Sale Deed in favour of Purchaser

MD RM


7 Satisfaction of charge from ROC and Digital Signature thereof and to keep the present records of the H.O Legal Department.


8 Releasing of shares pledged by the loanee units in place of collateral security


9 Change in constitution from Proprietary/partnership/ Pvt Ltd/Public Ltd and vice versa

MD

Full Powers

10 Appointment of additional partners and directors

MD

Full Powers

11 Retirement of partners/Directors

MD

Full Powers

12 Approval for change in MD Full Powers



management

13 Change in name of unit MD

Full Powers

14 Permission to undertake expansion

MD

Full Powers

15 Permission to loanee to rent out assets a. in case of excess assets where the leased assets does not affect the working of the unit b. in case of total assets (the lease money to be paid to the Corporation in all cases)

MD

Full Powers

16 Release /change of personal guarantee of partners/directors or third party

MD

Full Powers

17 Acceptance of bank guarantee in respect of payment of default amount

MD

Full Powers


3. The Procedure followed for decision making process, including channels of supervision and accountability.

The same is followed as per the chart provided at http://gsfc.gujarat.gov.in/RTI/rti2.aspx above. Decision is taken as per the delegation of Powers and if found necessary final decision is required to be made after getting necessary approval from Board/MD.


4. The Norms set by it for the discharge of the Functions.

Annual Budget for the Financial Year 2014-15


5. The Rules, Regulations, Instructions, Manuals and Records held by it or under its Control or used by its Employees for Discharging its Functions.

Corporation has its own Staff Regulation called "The GSFC (Staff) Regulations, 1961",

The PF Regulations and Gratuity Regulations etc.

For discharging functions, all officers/employees are scrupulously abiding by the policies

of the Corporation.

The State Financial Corporations Act, 1951

Gujarat State Financial Corporation (Staff) Regulations, 1961

Gujarat State Financial Corporation, General Regulations


6. A Statement of the Categories of Documents that are held by it or under its control. As per the Guide lines of State Governement Corporation has discountinued New Loan Sanction Since 2001.

The Corporation maintains following type of documents. The details of which are mentioned here below:

A. HRD o Personal files of employees o C R files of employees o About 370 Policy Files o About 25 General Files o Litigations Files o Salary Slip of employees o PF Statements o General Registers including Gratuity Register o Form No. 16 o Payment of Professional Tax deducted / Payment of income-tax deducted o HBA Files of employees. o Other loans advanced to employees o Medical file of concerned employees o Documents of Corporations' vehicles o Files of appointment of security guard of HO. o Office maintenance Files & Register of immovable assets owned by GSFC

B. Accounts o Loan Ledgers o No Due Certificates Files o Correspondence Files

C. Recovery o Files of loanees o Litigation Files o BIFR Files o AAIFR Files o RM Conferences Files o Records of Recovery Committee Meetings Files


6. A Statement of the Categories of Documents that are held by it or under its control. As per the Guide lines of State Governement Corporation has discountinued New Loan Sanction Since 2001.

D. Legal

WORK DESCRIPTION OF LEGAL DEPT.

Legal Department, a part of Head Office, is located at Ahmedabad for administrative

convenience. It looks after and manages the following:-

1. Alphabetical Region wise Registers and files of the units in different cupboards,

where the litigation is pending in the Gujarat High Court, Municipal High Court,

DRT- Ahmedabad, DRAT-Mumbai and other courts.

2. Maintaining of Accounts Register in which the details of payment like cheques

no. , cheque date, bank name, unit name and case no. and advocate wise ledger

page, made by GSFC towards professional charges and other charges to the

empanelled advocates engaged for the various court litigations.

3. Legal department is also maintaining register for new cases coming and

disposing of old cases.

4. Region wise statement showing the latest status and details of pending court

cases of Legal Department to Gujarat High Court, High Court cases in other

states, Supreme Court and case with Tribunals.


7. 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.

In the Corporation, Board of Directors and Managing Director are the decision making

authorities.

In HRD matters, Corporation is taking sufficient care to see that the said decision may

not be inconsistent with the policies decisions of the State Government.


8. A STATEMENT OF BOARD, COUNCILS AND COMMITTEE AND OTHER BODIES CONSISTS OF TWO OR MORE PERSONS CONSTITUTED AS PART THOSE BOARDS, COUNCILS AND COMMITTEE AND OTHER BODIES ARE OPEN TO THE PUBLIC OR MINUTES OF SUCH MEETINGS ARE ACCESIBLE FOR PUBLIC

Gujarat State Financial Corporation is established under the State Financial Corporation’s Act, 1951 with effect from 1.5.1960. The Corporation is a State development financial institution with the Government of Gujarat and Small Industries Development Bank of India as principal shareholders. Corporation was established to provide financial assistance to entrepreneurs who set up small scale industries in the State of Gujarat and the Union Territory of Dadra and Nagar Haveli. Section 10 the SFCs Act deals with constitution of Board of Directors, according to which the Board should consist of members as under:

1. A Director to be nominated as Chairman by Small Industries Development Bank in consultation with the State Government.

2. Two Directors to be nominated by the State Government. 3. Two Directors to be nominated by Small Industries Development Bank of India. 4. Two Directors to be nominated from amongst shareholders who have been

allotted shares under Section 4 (3) ( c ) of the SFCs Act 1951. 5. Three Directors to be elected from amongst shareholders who have been

allotted shares under section 4 (3) (d) of the SFCs Act, 1951. 6. Managing Director to be appointed by the State Government in consultation

with Small Industries Development Bank of India.

Presently, the Board of Directors consists of following members :

1. Shri D J Pandian, IAS, (Nominated as Director by the State Government under Section 10 (b) and appointed as Chairman by SIDBI under Section 15 of the SFCs Act, 1951).

2. Shri C J Macwan, Director (Nominated by State Government under Sectiono 10 (b) of the SFCs Act 1951).

3. SHRI AJIT NATH JHA, Dy General Manager, Representative of SIDBI. 4. Shri Arvind Agarwal, IAS, Managing Director (appointed by the State

Government under Section 17 read with Section 10 (f) of SFCs Act, 1951).

Committees constituted by the Board of Directors : GSFC, being a listing company, requires to comply with the Listing Agreement entered into with Stock Exchanges. Clause 49 of the Listing Agreement inter-alia stipulated for



constitution of Audit Committee Audit Committee consisting of following members was also constituted in compliance of Clause 49 of the Listing Agreement :

1

SHRI AJIT NATH JHA, Dy General Manager, Ahmedabad, Representative of SIDBI

Chairperson

2 Shri C J Macwan Representative of Finance Dept. Member

3 Shri Arvind Agarwal, IAS Member

4 Shri Ravendran Nair Secretary to Audit Committee.

The Shareholders/Investor Grievance Committee is christened as Share Transfer Committee. The said Committee consists of following members:

1 Shri R K Patel, Executive Officer (Planning) Chairman

2 Shri L N Parmar, Executive Officer (Accounts) Member

3 Shri Ravendran Nair , Secretary Board Member & Convener

Board also constituted Regional Tender Committees and Regional Recovery Committees consisting of following members :

1 Executive Officer ( Recovery Co-ordi. ) Chairman

2 Regional Manager Member

3 Jr. Executive PD Member Secretary

A Recovery Committee is also functioning at the Head Office Consisting of the following members :

1 Managing Director Chairman

2 Regional Manager Member

3 Executive Officer (PD concerned) Member

4 Executive Officer (Rec. Co.Ordi) Member



Secretary

A Personnel Committee is also functioning at the Head Office Consisting of the following members :

1 SHRI AJIT NATH JHA, Dy General Manager, SIDBI, Ahmedabad Chairman

2 Shri C J Macwan, Director Member

3 Shri Arvind Agarawal, IAS Managing Director Member

4 Shri N S Bhatia Member and Convernor

The meetings of Boards and Committees are not open to the public. However, the minutes of the Annual General Meetings are accessible to the shareholders and general public on demand.


9. A Directory of its Officers and Employees.

Sr.

No. Name Of the Officer / Employee Telephone No.

1. Shri Arvind Agarwal, IAS

Managing Director

079 232 59513

079 232 59331

079 232 26220

M 98254 19819

2. Shri R R Jeswani

Asst. MD Cell

079 232 59329

079 232 59329

M 99250 01539

M 99099 21045

Fax No. MD 079 232 52207

Fax No. Chairman 079 232 50844

MD Cell General 079 232 59433

3. HRD Cell

Shri N S Bhatia

Exe. Officer

079 232 56761

Shri V B Dave 079 232 52248

Johy Joseph 079 232 52248

Shri S M Asari 079 232 52248

Shri R L Jain 079 232 52219

General Fax No. 079 232 52204

079 232 52205

4. Accounts Cell

Shri L N Parmar

Exe. Officer

079 232 52234

M

Shri DO Christian

K M Bhatt, A M Pandya

A M Patel, V R Pathan

079 232 52223

Shri YF Mansuri, 079 232 52222

Shri K R Jani 079 232 52219

Shri N B Mahadevia

Shri P K Yagnik 079 232 56793

5. Recovery Cell

Shri M R Malpani

Exe. Officer

079 232 56787

M 94281 23311

Shri R K Patel

Exe. Officer

079 232 56764

M 86906 61947


9. A Directory of its Officers and Employees.

Shri M A Patel,

Smt A H Modi, Smt.J N Talati

079 232 52222

6. Secretarial Cell

Shri PVR Nair

Sec. (Board) & Exe. Officer

079 232 56766

M 94274 08770

Shri P L Dave

Smt Y F Mansuri

079 232 56784

7. Planning Cell / Appellate Officer

Shri R K Patel A O

Shri R M Damor

079 232 56764

M 86906 61947

M 94273 00334 RMD

Legal Cell A’bad

8. Shri R K Patel

Exe. Officer

KL Parmar,

Shri JD Vin

079 26424622

079 26424621

Fax 079 26424614

9. Ahmebad R O

Shri Y C Modi, R.M.

079 26463837

M 93746 04534 (RM)

26464480, 26467893,

Fax 079 26463837

10. Surat R O

Shri Y C MODI, R.M.

0261 2460546

M 93746 04534 (RM)

2460547

Fax 0261 2460543

11. Rajkot R O

Shri P L Kotwal, R.M.

0281 2479292

M 94261 86640 (RM)

2442715, 2443664

Fax 0281 2479292


10. The Monthly Remuneration Received by Each of its Officers and Employees, Including the System of Compensation as Provided in its Regulations.

The prevailing pay scales of various cadres along with strength in individual cadre are shown as under

SR NO NAME DESIGNATION GROSS DED NET

1 SHRI P L KOTWAL MANAGER 80564.00 22480.00 58084.00

2 SHRI Y C MODI MANAGER 81134.00 28080.00 53054.00

3 SHRI L N PARMAR JT.MANAGER 70598.00 18720.00 51878.00

4 SHRI RAMESH K PATEL JT.MANAGER 73257.00 21535.00 51722.00

5 SHRI M R MALPANI JT.MANAGER 73859.00 15472.00 58387.00

6 SHRI V H VASAVA DY.MANAGER 65010.00 20929.00 44081.00

7 SHRI R M DAMOR DY.MANAGER 56456.00 23225.00 33231.00

8 SHRI N S BHATIYA DY.MANAGER (A/C) 70096.00 29273.00 40823.00

9 SHRI R R JESWANI SR.OFFICER (GEN) 51389.00 16561.00 34828.00

10 SHRI SUBHASH M ASARI SR.OFFICER (GEN) 52706.00 21525.00 31181.00

11 SHRI D J SHUKLA SR.OFFICER (FLD) 51389.00 12338.00 39051.00

12 SHRI D P AMIN SR.OFFICER (FLD) 53114.00 14806.00 38308.00

13 SHRI V K VALERA SR.OFFICER (FLD) 49663.00 9949.00 39714.00

14 SHRI L R PATEL SR.OFFICER (FLD) 51564.00 13348.00 38216.00

15 SHRI RATAN P CHAUDHARI SR.OFFICER (FLD) 52498.00 16568.00 35930.00

16 SHRI ASHOK M PATEL SR.OFFICER (FLD) 51389.00 23174.00 28215.00

17 SHRI J D VIN SR.OFFICER (LEG) 51389.00 17211.00 34178.00

18 SMT A H MODI SR.OFFICER (A/C) 51389.00 13241.00 38148.00

19 SHRI K M BHATT SR.OFFICER (A/C) 51389.00 19686.00 31703.00

20 SHRI V B DAVE SR.OFFICER (A/C) 53782.00 23711.00 30071.00

21 SHRI J R PATNI SR.OFFICER (A/C) 52623.00 22910.00 29713.00

22 SHRI R L JAIN SR.OFFICER (A/C) 51389.00 14835.00 36554.00

23 SHRI M A PATEL EXE. SECRETARY 51389.00 7438.00 43951.00

24 SHRI K T BHAVSAR EXE. SECRETARY 51389.00 21311.00 30078.00

25 SHRI P L DAVE EXE. SECRETARY 51389.00 15486.00 35903.00

26 SHRI A A MAKWANA EXE. SECRETARY 60043.00 20316.00 39727.00

27 SHRI R R MAKWANA EXE. SECRETARY 50526.00 13598.00 36928.00

28 SHRI B M PATEL EXE. SECRETARY 61421.00 23569.00 37852.00

29 SHRI K D WAGHELA EXE. SECRETARY 49663.00 13209.00 36454.00

30 SHRI K L PARMAR EXE. SECRETARY 49663.00 27359.00 22304.00

31 SHRI K R JANI JR.OFFICER (GEN) 51389.00 17111.00 34278.00

32 SHRI D O CHRISTIAN JR.OFFICER (GEN) 51389.00 12811.00 38578.00

33 SHRI P K YAGNIK JR.OFFICER (GEN) 53607.00 17661.00 35946.00

34 SHRI N B MAHADEVIYA JR.OFFICER (GEN) 51514.00 11511.00 40003.00


10. The Monthly Remuneration Received by Each of its Officers and Employees, Including the System of Compensation as Provided in its Regulations.

35 SHRI AMIT M PANDYA JR.OFFICER (GEN) 51389.00 21561.00 29828.00

36 SHRI R M BHATT JR.OFFICER (GEN) 50526.00 7643.00 42883.00

37 SHRI SHAILESH S GOSAI JR.OFFICER (GEN) 46690.00 16558.00 30132.00

38 SHRI NATVAR M AHIR JR.OFFICER (GEN) 46890.00 11703.00 35187.00

39 SHRI Y F MANSURI JR.OFFICER (GEN) 47696.00 10353.00 37343.00

40 SHRI D D DANTI JR.OFFICER (GEN) 47696.00 11353.00 36343.00

41 SHRI V R PATHAN JR.OFFICER (GEN) 46690.00 12883.00 33807.00

42 SHRI N B KHALASHI JR.OFFICER (GEN) 46815.00 18963.00 27852.00

43 SHRI BHIKHU R GOZIYA JR.OFFICER (GEN) 45918.00 19113.00 26805.00

44 SHRI K S CHILLAL JR.OFFICER (GEN) 39909.00 15373.00 24536.00

45 SHRI R V SOLANKI JR.OFFICER (GEN) 44472.00 14422.00 30050.00

46 SHRI J R NIMAVAT JR.OFFICER (GEN) 44397.00 16819.00 27578.00

47 SHRI JOHNEY JOSEPH JR.OFFICER (GEN) 43648.00 14637.00 29011.00

48 SHRI V M JADEJA JR.OFFICER (GEN) 39834.00 6873.00 32961.00

49 SHRI N K MUNSHI JR.OFFICER (FLD) 44397.00 19260.00 25137.00

50 SHRI M N RAVAL JR.OFFICER (FLD) 44397.00 14305.00 30092.00

51 SHRI SHAILESH B PATEL OFFICE SEC-1 44397.00 14602.00 29795.00

52 SHRI V C DEVMURARI OFFICE ASSISTANT 20689.00 8069.00 12620.00

53 SHRI USMANBHAI S MODAN VEHI. OPERATOR 22633.00 14544.00 8089.00

54 SHRI NARAN C PATEL VEHI. OPERATOR 32666.00 15093.00 17573.00

55 SMT MANJIBEN K PATNI OFFICE ATT.3 19027.00 9637.00 9390.00

56 SHRI P G ACHARYA OFFICE ATT.3 19027.00 11780.00 7247.00

57 SMT R K KATAKIA OFFICE ATT.3 19027.00 7517.00 11510.00

58 SHRI PRABHU B PARMAR OFFICE ATT.3 19027.00 5127.00 13900.00

59 SHRI J G PARMAR OFFICE ATT.3 19027.00 11076.00 7951.00

60 SMT S J THAKOR OFFICE ATT.3 18755.00 13440.00 5315.00

61 SHRI K V RABARI OFFICE ATT.3 18755.00 9120.00 9635.00


11. The Budget Allocated to Each of its Agency, Indicating the Particulars of all Plans, Proposed Expenditures and Reports on Disbursement made.

Annual Budget for the Financial Year 2014-15


12. The Manner of Execution of Subsidy Program, including the amounts allocated & the details of Beneficiaries of such Program.

Corporation stopped financing from Oct. 2001.


13.

Particulars of Recipients of Concessions, Permits or Authorizations Granted by it.

The Corporation is doing only recovery/allied functions. As such, the loanee units are

being offered some monetary benefits in OTS Scheme if the scheme is in operations, to

settle their loan accounts.


14. Details in Respect of the Information, Available to or held by it, Reduced in an Electronic Form.

Gujarat state financial corporation has developed its own web–site www.gsfc.gujarat.gov.in and its main source of data /information is through internal system/sources of database maintenance. This web-site has been successful in providing different type of information which is very user friendly and easily comprehensible. Web-site information is based on two different categories.

I. To provide information regarding the general rules and regulations and details of the

existing officers /staff of the Corporation.

II. To provide Accounting Information as well as existing schemes prevalent in the

Corporation for the benefit of clients/ units.

The salient features of GSFC Web-site www.gsfc.gujarat.gov.in is as follows:

Knowledge based information is provided regarding Scheme-wise Interest Rate Structure.

Region-wise, District-wise, Product-wise detailed list of unit under possession / Assets for

sale of the Corporation.

Latest policy decisions regarding recovery, sale of assets u/s 29 of SFC Act etc. are also

published on the Web-site.

Detail information as well as Circular of the present OTS scheme as well as the other

schemes prevalent in the Corporation. Changes if any are incorporated from time to time.

Chairman Speech for the 44th Annual General Meeting of the Corporation held on

29.10.2004.

List of Present Board of Directors, List of Ex-Chairman and Ex- Managing Director from 1960

onwards.

List of present Board of Directors, list of Ex-chairman and Ex-Managing Director from 19600

onwards.

List of present staff members and their location / department of working.

List of E-mail ID of Top Executives of the Corporation.

GUJARAT STATE FINANCIAL CORPORATIN

15. 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 said facilities are not available at GSFC


16. The Names, Designations and Other Particulars of the Public Information Officers (PIO) and Assistant Public Information Officers (APIO). ======================================================================

Sr. No.

Name of Officer Designation Post

under RTI

Territorial Jurisdiction

1. Shri Y C Modi

Regional Manager & Executive Officer (Legal)

Appellate Authority

2. Shri N S Bhatia Executive Officer (HRD) PIO HRD

3. Shri S M Asari Jr Officer APIO HRD

4. Shri M R Malpani

Executive Officer (Recovery - BIFR)

PIO Recovery, BIFR

& Planning

5. Mrs. A H Modi Jr Officer APIO

Recovery & BIFR

6. Shri L N Parmar

Joint Manager (Accounts & Resources)

PIO Accounts, Bills and Resources

7. Shri D O Christian Jr Officer APIO

Accounts, Bills and Resources

8. Shri R M Damor Deputy Manager APIO Planning

9. Shri D J Shukla Sr. Officer ( F ) (ARO) PIO Legal

10. Shri D P Amin Sr Officer (legal) APIO Legal

11. Shri D J Shukla Sr. Officer ( F ) PIO

Regional Office, Ahmedabad

12 .

Shri D P Amin Sr. Officer ( F ) (ARO) APIO Regional Office,

Ahmedabad

13 .

Shri R P Chaudhary Sr. Officer ( F ) (SRO) & Jr. Executive

PIO Regional Office,

Surat

14. Shri L R Patel

Sr. Officer ( F ) (SRO) (Recovery)

APIO Regional Office,

Surat

15. Shri P L Kotwal Regional Manager, RRO PIO

Regional Office, Rajkot

16. Shri J R Patni

Sr Officer (Field) & Jr Executive (Recovery)

APIO Regional Office,

Rajkot


17. Such Other Information as may be Prescribed; and thereafter update these Publications every year:

Such Other Information Prescribed are update for Publications every year: