Audit Reports

Madhya Pradesh Leather Development Corporation Limited 3.9 Inadequate arrangements for safeguarding movable and immovable assets Company suffered a loss of X 1.01 crore in the value of the assets due to inadequate arrangements for their safeguard and maintenance and its land and buildings were............

MAFCO Limited 3.15 Inadequate arrangements for safeguarding movable and immovable assets Inadequate maintenance of asset records and delay in disposal of idle assets was noticed and physical verification of assets was not carried out. MAFCO Limited (Company) was incorporated on 29............

of Karchham Wangtoo Power Project in 2007-08 Audit Report (Revenue Sector) for the year ended 31 March 2012 by which property whether immovable or movable is transferred is chargeable to duty under Article 23 of the Schedule-I A. The essence of conveyance is the transfer of property or interest............

regarding scheme wise monthly opening balances, budget allotted by Maintenance of the Zila/ Janpad Panchayat, monthly income and expenditure, store, movable accounts in and immovable property, road and land, details regarding bank reconciliation prescribed format were to be fed in the Panchlekha............

The registers for immovable property, movable property and land in Forms GEN 31, 32 and 33 respectively as prescribed in the Kerala Municipal Accounts Manual (KMAM) were also not maintained in any of the 17 ULBs test-checked. 3.2.7.2 Non- accounting of assets (a) As per Government order issued in............

erection, installation, modification, fitting out, improvement or repair of any building, road, bridge or commissioning of any other immovable or movable property. As per Rule 2(iii) of the JVAT Rules 2006, Contractee means any person for whom or for whose benefit a work contract is executed............

construction, fitting out, improvement, repair, manufacture, processing, fabrication, erection, installation, modification or commissioning of any movable or immovable property. Government is empowered to issue notifications and Department can issue circulars for the administration of the KVAT............

The Society executed (August 2009) a Mortgage Deed with the Department, transferring all its movable and immovable properties, both present and future, to be charged as security for repayment but did not enclose the details of any property so mortgaged. As per the latest accounts furnished by............

Meanwhile, the movable assets of the consumer were sold (March 2007) by another creditor for ?4.60 crore. Thus the delay of more than two years in resuming the revenue recovery action limited the scope of recovery by KSEB. No responsibility was fixed on the SOR for the delay in initiating............

4.1.11.2 Properties of Aided Schools According to Chapter 10 of KER, statements containing lists of movable and immovable properties of aided schools was required to be sent by the school managers in Form 10 of KER to DEOs/AEOs as the case may be. The DEO in charge of the area was the officer............