Delegation of Financial Powers

• Managing Director has Full financial power in

all the activities.
• Financial power delegated to Financial Advisor
listed given below;
Sl. No. Activity Financial Advisor
1 Sanction for Payment of Running work bills Rs.50.00 Lakhs
2 Sanction for payment of Final Bills Rs.10.00 Lakhs
3 Sanction of Payment of Lingering work bills --------------------
4 Sanction for repayment of Loan and Interest Full Powers
borrowed on Government Guarantee
5 Sanction of payment of refund of EMD & FSD Full Powers
6 Sanction of payment of Mobilization Advance --------------------
7 Sanction of Payment of Salary & arrears Full Powers
8 Sanction of Payment of TA Claims including TTA, Full Powers
LTC, HTS & Medical reimbursement
9 Sanction of Payment of POL Bills, Telephone Bills, Full Powers
Electricity Bills, Vehicle hiring Charges, Water
Charges & such other inevitable payments,
Advertisements, House Keeping, Miscellaneous
Expenditure

10 Sanction to purchase office equipments Rs.50,000/- in each case

11 Sanction to purchase Furniture Rs.50,000/- in each case

Sl. No. Activity Financial Advisor

12 Sanction to repair of Vehicles Rs.50,000/- in each case

13 Sanction to Payment of Legal Fees Rs.50,000/- in each case

14 Sanction for repair of Office Equipments Rs.50,000/- in each case
15 Sanction for payment of Insurance premium, for Full Powers
vehicles & other instruments which are required to
be insured

16 Sanction for payment of Hospitality charges & Rs.10,000/- in each case

Employees welfare
17 Sanction for purchase of Stationery items Rs.50,000/- in each case
18 Sanction for payment of Leave Salary Contribution, Full Powers
Pension , Gratuity in respect of Deputation Staff &
KSPHC Staff.

19 Sanction of Leave & Leave Encashment Benefits / Full Powers

Sanction & Payment of any recoverable advances
20 Sanction of Annual Increments --------------------
 Signing of Cheques
Sl.No Limit Signing Authority Signing Authority

1 Cheque Amount upto 2 Crores FA CAO / ACA (In the

absence of CAO)

2 Cheque Amount above 2 Crores MD FA / CAO (In the

absence of FA)