INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED

 

 

Information under section 4 (1)(b) of the Right to Information Act, 2005

 

 

4. (1) (b).i   The particulars of organization functions and duties

India Infrastructure Finance Company Limited (IIFCL) was incorporated on January 5, 2006 under the Companies Act 1956 as a wholly Government owned Company. The authorized capital of the Company is Rs. 1,000 crore of which, paid up capital, at present, is Rs. 800 crore. Besides, the borrowing programme of the Company would have sovereign support, wherever required.

IIFCL funds commercially viable infrastructure projects in the country in accordance with the Scheme (SIFTI). Broadly, IIFCL funds such projects by way of:

• Long Term Debt
• Refinance to banks and financial institutions for loans with tenor of more than 10 years, granted by them.
• Any other method approved by Government of India

 

4. (1)(b).ii   The powers and duties of its officers and employees

 

All the officers of the Company have specified 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 officials. These powers are reviewed / revised, depending upon the organization’s requirement and also Government guidelines.

 

4.(1)(b)..iii  The procedure followed in the decision making process, including channels of supervision and accountability.

 

There is a well defined system in the Company regarding decision making process. Overall management of the Company is vested with the Board of Directors of the Company. The Board of Directors is the highest decision making body within the Company.
As per the provisions of the Companies Act, 1956 certain matters require the approval of the shareholders of the Company in General Meeting.

 

The Company follows a committee based approach wherever needed. Administrative decisions are taken at various levels of Officers and also by Chairman & Managing Director as per the powers delegated to them by the Board.

4. (1) (b)...iv                   The norms set by the Company for the discharge of its functions.

 

 

The policies and norms are approved by Government of India and the Board of Directors of the Company.

 

 

4. (1) (b)...v           The rules, regulations, instructions, manuals and records, held by the Company or under its control or used by its employees for discharging its functions.

 

The following are the general documents which are held by the company for effective & efficient working of its operations:

1. Articles of Association and Memorandum of Association.

2. SIFTI

3. Directions/Circulars of the Government, Comptroller and Auditor General of India (CAG), CBDT, Board of Directors of the company etc. from time to time.

4.  Various circulars, instructions issued by the company in the matter of disposal of business etc.

 

The preparation of Operations Manual for internal use by the employees for discharging various functions is in progress.

 

 

 

 

 

4. (1) (b)...vi         A statement of the categories of documents that are held by the Company or under its control.

 

The Company maintains register of shareholders and record of proceedings of the Board meetings at its Office.

 

4. (1) (b)...vii        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.

 

The Company publishes its quarterly and annual results/reports on the Company's website.

 

4. (1) (b)...viii       A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public

 

The Company has the following bodies:

       1.         Board of Directors.

       2.         Audit Committee of the Board

The Board and its Committee meet at regular intervals and guide the Company in achieving its objectives. The meetings of the Board or Committee are not open to the public and the minutes of such meetings are not accessible to public.

 

 

4. (1) (b)...ix         A directory of its officers and employees.

 

The list of officers and Employees is at Annex I.

 

4. (1) (b)...x       The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations

 

The details of Scales of Pay of Officers & Staff are given in the Annexure II.

 

4. (1) (b)...xi        The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made.

 

IIFCL prepares Revenue Expenditure Budget every year. Expenditure incurred by IIFCL is governed by the budget. The total Budget Estimate (BE) under the Revenue Expenditure (RE) proposed for the year 2008-09 is Rs.840 lacs.  The following are the key expenditure heads:-

                                                                                    Rs/lacs

Item	Revenue Expenditure
				Budget 2008-09
Salary & allowances,  Incentive to staff				175
Office Expenditure				100
Training of staff				25
Business Promotion				25
Seminars/Conferences				10
Rent, taxes etc				170
Consultant fees				25
Stamp duty, legal and other professional expenses				300
Misc. Expenses				10
Total				840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

4. (1) (b)...xii       The manner of execution of subsidy programmes including the amounts allocated and the details of beneficiaries of such programmes.

 

The Company does not have its own subsidy programmes or plans for lending activities.

 

  

4. (1) (b)...xiii        Particulars of recipients of concession, permits or authorizations granted by it.

 

There is no programme in the Company for grant of concessions, permits, authorization etc.

 

4. (1) (b)...xiv          Details in respect of the information available to or held by it, reduced in an electronic form.    

 

 

The general information is available at the Company’s website.

 

4. (1) (b)...xv        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 facilities for availing information are available to citizens at the Company’s website. Public can also approach PIO of the Company whose addresses are given below. Company does not maintain any library or reading room for public use.

4. (1) (b)...xvi       The names, designations and other particulars of the Public Information Officer (PIO) and Appellate Authority

 

The names and addresses of the PIO, APIO/s and Appellate Authority are as under:

Public information Officer

 

 

                                                   

 

                                                    Appellate Authority

 

 

 

Annexure I

 

 

S.No.	Name	Designation	Grade
1	Sh. S.R Bansal	Vice President	Grade E
2	Sh.Anil K Agrawal	Vice President	Grade E
3	Sh.Arun Kumar	Associate Vice President	Grade D
4	Sh.S.D Nanda	Associate Vice President	Grade D
5	ShR.Radhakrishnan	Deputy Vice President	Grade C
6	Sh. G.S Bindra	Deputy Vice President	Grade C
7	Sh.Gurmeet Sing h	Deputy Vice President	Grade C
8	Sh.Anil Taneja	Deputy Vice President	Grade C
9	Sh.K.S srivastava	Assistant Vice President	Grade C
10	Sh.Deepak Bhargava	Assistant Vice President	Grade C
11	Sh.S.K Sharma	Assistant Vice President	Grade C
12	Sh.M Sahu	Assistant Vice President	Grade C
13	Sh.K.B Khurana	Assistant Vice President	Grade C
14	Sh.PK Sinha	Senior Executive	Grade B
15	Sh. Sube Singh	Senior Executive	Grade B
16	Sh. Amit Gupta	Senior Executive	Grade B
17	Ms. Suruchi Minocha	Senior Executive	Grade B
18	Ms. K Renu	Senior Executive	Grade B
19	Sh.Kuldeep Gulati	Executive	Grade A
20	Smt.Indu Malhotra	Stenographer
21	Smt.Jyoti Grover	Data Entry operator
22	Sh. Govind Sharma	Office Assistant
23	Sh. Suresh Kumar	Senior Executive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

  Annexure II

 

Sr. No.	Grade	Designation	Scale  of  Pay
1	‘A’	Assistant manager	Rs.11250–700(11)–18950–EB-700(4)-21750-750(1)-22500  (17 years)
2	‘B’	Manager	Rs.13700 – 700(9) – 20000 – EB-700(2) -21400-750(4)-24400 (16 years)
3	‘C’	Assistant General Manager	Rs. 17525 – 700(5) – 21025-800(4) 24225– EB-800(3) -26625 (13 years)
4	‘D’	Deputy General Manager	Rs.24875 – 800(5) – 28875 (6 years)
5	‘E’	General Manager	Rs. 26500 – 800(3) – 28900 – 900(3) -31600-1000(1)-32600 (8 years)
6	‘F’