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Designation of Public Information Officer/Assistant Public Information Officer.
Shri Rahul Kumar Maurya, Jt. GM (HRM) would act as PIO of IRFC. Need for designating APIO was not felt because of location of IRFC office only at Delhi, without any branch office.
Telephone No. : 24368068 (D)
EPABX: 24369666-69
Fax: 24369770Designation of Appellate Authority: Smt Shelly Verma, Director Finance.
Telephone No. : 24369789 (D)
EPABX: 24369666-69
Fax :24369770 -
As mentioned in Chapter II, business of the Company is overseen by the President through his nominees and managed by the Board of Directors. Directors of the Company are appointed by the President. BOD delegates powers to Managing Director for managing the affairs of the Company. Re-delegation to Director (Finance) and other Officers is also resorted to as necessary by MD. Accordingly, decisions are taken at the appropriate levels i.e. GMs. DF and MD.
All decisions relating to raising of funds are taken at the level of MD. Papers are put up by the concerned GM through Director Finance. MD steers all major activities of the Corporation including personnel, corporate planning and project implementation matters.
Management’s accountability lies in performance of the Company against targets set for it at the beginning of each, and from time to time. Targets against various parameters set out in the MOU signed with MoR and annual borrowing target set out in the Railway Budget each year constitute major components against which accountability is benchmarked. The Company has been successfully meeting the borrowing targets set by MoR from year to year. As regards targets in the MOU, the Company has been getting “Excellent” rating from DPE for seven years in succession. Besides, the Company has also received awards both from the President of India and Prime Minister India for the years 2001-02 and 2002-03 respectively for being among top 10 of the Central PSUs.
Functionaries at different levels in the Company are responsible for performance in their assigned areas of work. They are expected to monitor market conditions and initiate timely action to complete borrowing/redemption and/or other activities as per schedule. They are also responsible for keeping the Company in compliance in regard to regulatory/Statutory requirements and timely and effective interface with regulatory/Statutory agencies.
Machinery for enforcing accountability is strengthened through the role and functioning of Internal Auditors, Statutory Auditors, Comptroller and Auditor General of India and Chief Vigilance Officer. -
Company has laid down rules/procedures in its Accounting and Audit Manuals and HRM Manual which are used by its employees for discharging their functions. It being a wholly government company, also follows rules, guidelines issued by Ministry of Finance, Ministry of Railways, Department of Public Enterprise, RBI, National Stock Exchange as amended from time to time. Vigilance activities of the Company are looked after by a part-time Chief Vigilance Officer of the rank of Jt. Secretary, Ministry of Railways, Govt. of India.
List :
- Accounting Manual
- Audit Manual
- HRM Manual
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Statement of the categories of documents that are held by it or under its control
Bonds :
- Files pertaining to issuance of Bonds.
- Files pertaining to redemption of Bonds
- Files pertaining to reconciliation of Interest A/c
- Files pertaining to Registration of duments with office of ROC.
- Minutes of BOD/AGM/Audit Committee.
- Rating of the Company (Domestic).
- Misc. correspondence with Investors.
- Share Transfer Books
- Securitisation of lease receivables.
- Misc. matters
Service Books and Personal files of staff :
- Records of office appliances purchased from time to time
- Register regarding receipt of letters/communications
- Register regarding replies sent
Accounting Manual :
- Audit Manual
Fixed Deposits ( in the Corporation Bank) :
- Money value documents ( cheques and cheque books)
- Money value documents ( cheques and cheque books)
Legal instruments relating to forex transactions (Original documents) :
- Loan Agreements
- Lease Agreements
- Sub-Lease Agreements
Electronic form of documentation: Company’s website contain information about its profile, accounts and other information for the information of the public. Website name is : www.irfc.in and www.irfincorp.com
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Arrangements for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof;
Being an wholly Government owned financial company with Ministry of Railways as its single client and being a company whose primary objective is to raise resources for funding purchase of rolling stock assets for the Ministry of Railways, arrangements for consultation with members of public in relation to the formulation of policies is not considered necessary. -
Indian Railway Finance Corporation Limited (IRFC) was incorporated as a public limited company on 12th December,1986 by the Ministry of Railways, as a wholly Government owned public financial institution for the purpose of raising resources to meet the developmental needs of the Indian Railways. After obtaining Certificate of Commencement of Business, the company started its operations on 23rd December,1986. The Corporation has been run efficiently with a work force of 20. The authorised Capital of the Company is Rs. 1000 crore and the paid up share capital is Rs. 500 crore. The Company has been consistently earning profit.
IRFC’s registered office is located at UG Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, Lodhi Road, New Delhi-110 003.
Indian Railway Finance Corporation Ltd. is a dedicated financing arm of the Ministry of Railways. Its sole objective is to raise money from the debt Capital markets to part-finance the plan outlay of Indian Railways. The money so made available is used predominantly for acquisition of new rolling stock assets to be leased to Indian Railways. Till 31st March, 2007, Rolling Stock assets – Locomotives, Coaches and Wagons – valued at Rs. 39,511.11 crore have been added to the asset base of the Indian Railways with funding assistance from IRFC. IRFC’s funding has supported technology infusion in the Railways. For instance, it has enabled Ministry of Railways to purchase new generation Locomotives from General Motors (USA) alongwith transfer of technology and new generation Coaches from Germany for use in high speed/Shatabadi trains.