G.S.R. 336(E) : the Commission for Air Quality Management in the National Capital Region and Adjoining Areas (Form of Annual Statement of Accounts) Rules, 2022

EXTRAORDINARY PUBLISHED BY AUTHORITY No. 321] NEW DELHI, WEDNESDAY, MAY 4, 2022/VAISAKHA 14, 1944 MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE NOTIFICATION New Delhi, the 4th May, 2022 G.S.R. 336(E).—In exercise of the powers conferred by clause (i) of sub-section (2) of section 25 of the Commission for Air Quality Management in National Capital Region and Adjoining Areas Act, 2021, (29 of 2021) the Central Government, in consultation with the Comptroller and Auditor General of India, hereby makes the following rules, namely:- 1. Short title and commencement,—(1) These rules may be called the Commission for Air Quality Management in the National Capital Region and Adjoining Areas (Form of Annual Statement of Accounts) Rules, (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 Commission for Air Quality Management in National Capital Region and Adjoining Areas Act, 2021 (29 of 2021); (b) “Form” means a Form appended to these rules; (c) “Schedule” means a Schedule annexed to these rules; (d) “year” means the financial year beginning on 1st April and ending on 31st March of the year immediately following. (2) Words and expressions used herein and not defined but defined in the Act shall have the same meanings as assigned to them in the said Act. 3. Annual Statement of Accounts and other relevant records.-(1) The Commission shall, at the end of each financial year, prepare its annual statement of accounts and records in Form ‟A‟ (Balance Sheet), Form „B‟ (Income and Expenditure) and Form „C‟ (Receipt and Payment) and in the Schedule annexed to these rules. (2) The Commission shall forward the annual statement of accounts and other relevant records to the Comptroller and Auditor General of India or any other person appointed by him in his behalf at such intervals as may be specified by him. (3) The Annual Statement of Accounts of the Commission, as certified by the Comptroller and Auditor general of India or any other person appointed by him in his behalf, together with the audit report thereon after adoption by the Commission shall be forwarded to the Central Government for laying before both Houses of the Parliament. 4. Maintenance of accounts etc.- The Commission shall preserve the Balance Sheet, Income and Expenditure Account and Receipt and Payment Account referred to in sub-rule(1) of rule 3 for a minimum period of five years following the financial year to which they relate. NARESH PAL GANGWAR, Jt. Secy. FORM A [See rule 3(1) The Commission for Air Quality Management in National Capital Region and Adjoining Areas Balance Sheet As at 31st March 20___ (Amount Rs.) Particulars Schedules Current Year Previous Year CORPUS or CAPITAL FUND and LIABILITIES 1 Corpus or Capital Fund 1 2 Reserves and Surplus 2 3 Earmarked or Endowment Funds 3 4 Secured Loans and Borrowings 4 5 Unsecured Loans and Borrowings 5 6 Deferred Credit Liabilities 6 7 Current Liabilities and Provisions 7 TOTAL ASSETS 1 Fixed Assets Investments - From Earmarkedor Endowment Funds 9 3 Investments - Others 4 Current Assets, Loans and Advances 11 5 Miscellaneous Expenditure (to the extent not written of or adjusted) TOTAL Significant Accounting Policies 24 Contingent Liabilities and Notes on Accounts 25 NOTES ON ACCOUNTS FORMING PART OF THE ACCOUNTS Note: All Schedules to Balance Sheet shall form part of Account. Place: New Delhi Date: FORM B [See rule 3(1) The Commission for Air Quality Management in National Capital Region and Adjoining Areas Income and Expenditure account for the year ended at 31st March 20__ (Amount Rs.) Particulars Schedule Current Year Previous Year INCOME Income From Services 12 Grants or Subsidies Fees or Subscriptions Income from Investments (Income on invest, from earmarked or endow funds transferred to funds). Income from Royalty, Publications etc. 16 Interest Earned Other Income Increase or (decrease) in Stock in Finished Goods and Work in progress TOTAL (A) EXPENDITURE Establishment Expenses 20 Other Administrative Expenses etc. 21 Expenditure on Grants, subsidies etc. 22 Interest Depreciation TOTAL (B) a. Balance being excess of Income over Expenditure (A-B) (i) Transfer to Special Reserve (Specify each) (ii) Transfer to or from General Reserve b. Balance being Surplus (Deficit) carried to Corpus or Capital fund Significant Accounting Policies 24 Contingent Liabilities and Notes on Accounts 25 Note: All Schedules to Income and Expenditure Account shall form part of Account. Place: New Delhi Date: FORM C [See rule 3(1) The Commission for Air Quality Management in National Capital Region and Adjoining Areas Receipt and Payment Account for the year ended at 31st March 20____ (Amount Rs.) Particulars Current Year Previous Year RECEIPTS 1 Opening Balance a. Cash in Hand b. Cash at Bank Operational Account - Current Account - Deposit Account - Saving Account 2 Grants or Subsidies Received a. From Govt. of India - Grants: General - Grants: Salary b. From States Govt. c. From other sources Income from Services 3 Income on Investment From a. Earmarked or Endowment Funds b. Own Funds (Other Investments) 4 Interest Received a. On Bank Deposit b. On Loans and Advances 5 Other Income (Specify) 6 Amount Borrowed 7 Any Other Receipts (Specify) TOTAL PAYMENTS 1 Establishment expenses 2 Administrative Expenses 3 Operational Expenses 4 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) 5 Investment and Deposit Made a. Earmarkedor Endowment Funds b. Own Funds (Other Investments) 6 Expenditure on Fixed Assets and Capital Work-in-Progress a. On Fixed Assets b. On Capital Work-in-Progress 7 Refund of Surplus Moneyor Loans a. To the Govt. of India b. To the States Government c. To other providers of Funds 8 Finance Charges (Interest) 9 Other Payments (Specify) 10 Closing Balance Cash in Hand Cash at Bank Operational Account - Current Account - Deposit Account - Saving Account Place: New Delhi Date: Schedule 1 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Corpus or Capital Fund Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year Balance as at the beginning of the year Add: Contributions towards fund Add or(Deduct): Balance of net income or (expenditure) transferred from the Income and Expenditure Account Amount Refundable to Govt. BALANCE AS AT THE YEAR END Schedule 2 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Reserves and Surplus Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Capital Reserve As per last Accounts Addition- During the year Less- Deduction during the year 2 Revaluation Reserve As per last Accounts Addition- During the year Less- Deduction during the year 3 Special Reserve As per last Accounts Addition- During the year 4 General Reserve As per last Accounts Addition- During the year Less- Deduction during the year TOTAL Schedule 3 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Earmarked or Endowment Funds Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Fund Wise Break up Total Year Previous Year 1 Opening balance of the funds 2 Additions to the Funds: a. Donations or grants b. Income from investments made on account of funds c. Other additions (specify nature) Total (1+2) Utilization or Expenditure towards objectives of funds a. Capital Expenditure - Fixed Assets - Others Total Salaries, Wages and allowances etc. Rent, Rates and Taxes Other Administrative Expenses Total TOTAL (C) NET BALANCE AS AT THE YEAR-END (a + b - c) Notes Disclosures shall be made under relevant heads based on conditions attaching to the grants. Plan Funds received from the Central or State Governments are to be shown as separate Funds and not to be mixed up with any other Funds. Schedule 4 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Secured Loans and Borrowings Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Central Government 2 State Government (Specify) 3 Financial Institutions a. Terms Loans b. Interest accrued and due 4 Banks a. Term Loans b. Interest accrued and due c. Other Loans (specify) Interest accrued and due 5 Other Institutions and Agencies 6 Debentures and bonds 7 Others (Specify) TOTAL Note: Amounts due within one year Schedule 5 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Unsecured Loans and Borrowings Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Central Government 2 State Government (Specify) 3 Financial Institutions a. Terms Loans b. Interest accrued and due 4 Banks a. Term Loans b. Interest accrued and due c. Other Loans (specify) Interest accrued and due 5 Other Institutions and Agencies 6 Debentures and bonds 7 Fixed Deposits 8 Others (Specify) TOTAL Note: Amounts due within one year Schedule 6 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Differed Credit Liabilities Forming Part of Balance Sheet as at 31st March 20__ (Amount 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 7 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Current Liabilities and Provisions Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year CURRENT LIABILITIES 1 Acceptances 2 Sundry creditors:- a. For Goods b. Others 3 Advances Received 4 Interest accrued but not due on: a. Secured Loans or borrowings b. Unsecured Loans or borrowings 5 Statutory Liabilities: a. Overdue b. Others 6 Other Current Liabilities TOTAL (A) PROVISIONS 1 For Taxation 2 Gratuity 3 Superannuation or Pension 4 Accumulated Leave Encashment 5 Trade Warranties or Claims 6 Leave Salary Payable 7 Others (specify) TOTAL (B) TOTAL (A+B) Schedule 8 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Fixed Assets Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) GROSS BLOCK DEPRECIATION NET BLOCK DESCRIPTION COST AS AT BEGINN ING OF THE YEAR ADDITIO NS DURING THE YEAR DEDUCTIO NS or ADJUSTME NTS DURING THE YEAR COS T AT THE YEA R END AS AT THE BEGINNI NG OF THE YEAR DURI NG THE YEAR DEDUCTI ON ADJUSTME NTS DURING THE TOT AL UPT O THE YEA R END AS AT THE CURRE NT YEAR END AS AT THE PREVI OUS YEAR END FIXED ASSETS Land Freehold Leasehold Buildings: Freehold Leasehold Ownership Flat or Premises Superstructures on Land notbelonging to the entity Plant and Machinery Vehicles Furniture and Fixtures Office Equipments Computer or Peripherals Electrical Installations Library Books Other TOTAL Current Year Previous Year CAPITAL WORK IN PROGRESS Schedule 9 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Investment from Earmarked or Endowment Funds Forming Part of Balance Sheet as at 31st March 20__ (Amount 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 10 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Investments - Others Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Government Securities 2 Other approved Securities 3 Shares 4 Debentures and Bonds 5 Subsidiaries and Joint Ventures 6 Others (to be specified) TOTAL Schedule 11 [See Form A] The Commission for Air Quality Management in National Capital Region and Adjoining Areas Current Assets, Loans Advances etc Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year CURRENT ASSETS (i) Inventories (1) Stores and Spares (2) Loose Tools (3) Stock in Trade a) Finished Goods b) Work in Progress 2 Sundry Debtors (ii) Debts Outstanding for a period exceeding six months (iii) Others 3 Cash balances in hand(including cheques or drafts and imprest) 4 Bank Balances : (a) With Schedule banks On Current Account On Deposit Account On Saving Accounts (b) With Non-Schedule banks On Current Account On Deposit Account On Saving Accounts 5 Post Office - Savings Accounts 6 Others TOTAL (A) LOANS, ADVANCES AND OTHER ASSETS 1 Loans to : (a) Staff (b) Other Entities engaged in activities or objectives similar to that of the Entity Advances and other amount recoverable in cash or in kind or for value to be received: a. On Capital Account b. Prepayments d. Others 3 Income Accrued a. On Investments from Earmarked or Endowment Fund b. On Investments-others c. On Loans and Advances 4 Claims Receivable TOTAL (B) TOTAL (A+B) Schedule 12 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Income from Services Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Professional or Consultancy Services 2 other (Specify) TOTAL Schedule 13 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Grants or Subsidies Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Central Government 2 State Government(s) 3 Government Agencies 4 Institutions or Welfare Bodies 5 International Organisations 6 Others (Specify) TOTAL Schedule 14 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Fees or Subscriptions Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Entrance Fees 2 Filing Fees 3 Seminar or Program Fees 4 Consultancy Fees 5 Others (Specify) TOTAL Note - Accounting Policies towards each item are to be disclosed Schedule 15 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Income From Investments Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Investment from Earmarked Fund Investment - Other Particulars Current Year Previous Year Current Year Previous Year 1 Interest a. On Govt. Securities b. Other Bonds or Debentures 2 Dividends a. On Shares b. On Mutual Fund Securities 3 Others (Specify) TOTAL TRANSFERRED TO EARMARKED or ENDOWMENT FUNDS Schedule 16 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Income from Royalty, Publications etc. Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Income from Royalty 2 Income from Publications 3 Others (specify) TOTAL Schedule 17 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Interest Earned Forming Part of Balance Sheet as at 31st March 20__ (Amount 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 On Loans: a. Employees or Staff b. Others 4 Interest on Debtors and Other Receivables TOTAL Note - Tax deducted at source to be indicated Schedule 18 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Other Income Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Profit on Sale or disposal of Assets: a. Owned assets b. Assets acquired out of grants, or received free of cost 2 Liquidated damages, penalty realized 3 Fees for Miscellaneous Services 4 Rent 5 Miscellaneous Income TOTAL Schedule 19 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Increase or (Decrease) in Stock of Finished Goods and Work in Progress Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Closing Stock a. Finished Goods b. Work in Progress 2 Less: Opening Stock a. Finished Goods b. Work in Progress NET INCREASE or (DECREASE) [1-2] Schedule 20 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Establishment expenses Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Salaries and Wages 2 Overtime Allowance 3 Allowances and Bonus 4 Medical Treatment 5 Tuition fee reimbursement 6 Domestic Travel expenses 7 Foreign Expenses 8 Contribution to NPS 9 Contribution to Gratuity Fund 10 Leave Salary Pension Contribution 11 Expenses on Employees' Retirement and Terminal Benefits 12 Contribution to Other Fund (specify) 13 Staff Welfare Expenses 14 Others (specify) TOTAL Schedule 21 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Other Administrative Expenses Forming Part of Balance Sheet as at 31st March 20__ (Amount 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 Excise Duty 9 Rent, Rates and Taxes 10 Vehicles Running, Maintenance or Hiring charges 11 Postage, Telephone and Communication Charges 12 Printing and Stationery 13 Travelling and Conveyance Expenses 14 Expenses on Seminar or Workshops 15 Subscription Expenses 16 expenses of Fee 17 Auditors Remuneration or Legal Fee 18 Hospitality Expenses 19 Professional Charges 20 Books and Periodicals 21 Recruitment Expenses 22 Provision for Bad and Doubtful Debts or Advances 23 Irrecoverable Balances return off 24 Packing Charges 25 Freight and Forwarding Expenses 26 Distribution Expenses 27 Advertisement and Publicity 28 Legal Charges 29 Payment to Contractual Staff ( MTS, Office Boys, etc.) 30 Others (to be specified) TOTAL Schedule 22 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Expenditure on Grants, Subsidies Etc. Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Grants given to Institutions or Organisations 2 Subsidies given to Institutions or Organisations TOTAL Note: Name of the Entities, their Activities along with the amount of Grants or subsidies are to be disclosed. SCHEDULE - 24 SIGNIFICANT ACCOUNTING POLICIES (Illustrative) 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 Investments classified as "long term investments" are carried at cost. Provision for decline, other than temporary, is made in carrying cost of such investments. 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. Cost includes acquisition expenses like brokerage, transfer stamps. 3. FIXED ASSETS Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental and directexpenses related to acquisition. In respect of projects involving construction, related pre-operational expenses (including interest on loans for specific project prior to its completion) and from part of the value of the assets capitalized. Fixed Assets received by way of non-monetary grants, (other than towards the Corpus Fund), are capitalized at values stated, by corresponding credit to Capital Reserve. 4. DEPRECIATION Depreciation is provided on written down value 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. In respect of additions to or deductions from fixed assets during the year, depreciation is considered on pro-rata basis. Assets costing Rs.5, 000or- or less each are fully provided. 5. MISCELLANEOUS EXPENDITURE Deferred revenue expenditure is written off over a period of 5 years from the year it is incurred. 6. GOVERNMENT GRANTS or SUBSIDIES Government grants of the nature of contribution towards capital cost of setting up projects are treated as Capital Reserve. Grants in respect tof specific fixed assets acquired are shown as adeduction from the cost of the related assets. Schedule 23 The Commission for Air Quality Management in National Capital Region and Adjoining Areas Interest Forming Part of Balance Sheet as at 31st March 20__ (Amount Rs.) Particulars Current Year Previous Year 1 Interest (a) On Fixed Loans (b) On Other Loans (including Bank Charges) 2 Bank Charges TOTAL Government grants or subsidy area ccounted on realization basis. 7. FOREIGN CURRENCY TRANSACTIONS Transactions denominated in foreign currency are accounted at the exchange rate prevailing at the date ofthetransaction. Current assets, foreign currency loans and current liabilities are converted at the exchange rate prevailing as at the year end and the resultant gain or loss is adjusted to cost of fixed assets, if the foreign currency liability related to fixed assets, and inother casesis consider edtor evenue. 8. LEASE Lease rentals are expensed with reference to lease terms. 9. RETIREMENT BENEFITS Liability towards gratuity payable on death or retirement of employees is accrued based on actuarial valuation. 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. CONTINGENT LIABILITIES AND NOTES ON ACCOUNTS (Illustrative) 1. CONTINGENT LIABILITIES Claims against the Entity not acknowledged as debts - Rs……………… In respect of: - Bank guarantees given by or 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.___________________ (PreviousyearRs._____________________). Disputed demands in respect of Income Tax, Sales Tax and Municipal Tax. In respect claims from parties for non-execution of orders, but contested by the Entity -Rs. (Previous year Rs._________________). The Commission has a future obligation to pay the sanctioned amount for various research and training programmes, subject to fulfillment of certain terms and conditions. Therefore, it has been treated as contingent liability against which liability may arise to pay in future. Following are the respective programmes: 1 Research on Air Quality Management ______________ 2 Training ______________ Total ______________ 2. CAPITAL COMMITMENTS Estimated value of contracts remaining to be executed on capital account and not provided for(net of advances) 3. LEASE OBLIGATIONS Future obligations for rentals under finance lease arrangements for plant and machinery amount to Rs. (i) 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. (ii) Loans and advances paid up to the F.Y. ending ________ to various Govt. Departments, staff and others of Rs. _______ are adjustable against expenses and under settlement by concern department. 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. FOREIGNCURRENCYTRANSACTIONS Value of Imports calculated on C.I.F Basis: - Purchase of finished Goods - Raw Materials and Components(Including intransit) - Capital Goods - Stores, Spares and Consumables Expenditure in foreign currency: - Travel - Remittances and Interest payment to Financial Institutions or Banks in Foreign Currency - Other expenditure: - Commission on Sales - Legal and Professional Expenses - Miscellaneous Expenses - Earnings Value of Exports on FOB basis 7. Remuneration to auditors: As Auditors - Taxation matters - For Management services - For certification - Others 8. Corresponding figures for the previous year have been regrouped or rearranged, wherever necessary. 9. Schedules 1 to 25 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. and Published by the Controller of Publications, Delhi-110054. MANOJ KUMAR VERMA