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Union Government, Extraordinary, 2012-01-11, Part IV, Ref. No. F.12(15)/Fin.(Rev.-I)/2011-12/DS III/33 PDF

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Preview Union Government, Extraordinary, 2012-01-11, Part IV, Ref. No. F.12(15)/Fin.(Rev.-I)/2011-12/DS III/33

(cid:9)(cid:9) REGISTERED No. D.L.-33002/99 4[7o- toot( t.kM.-33002/99 GOVERNMENT OF INDIA • wen wr4 Delhi Gazette 31114TEI1T9T EXTRAORDINARY IIINicolt 'ft wed qrvt PUBLISHED BY AU1110RITY etoci VIMT, qin 1 a 11, 2012/4 4 21, 1933 riTATT.(cid:9) #. 243 -Ff. 3](cid:9) [N.C.T.D. No. 243 DELHI, WEDNESDAY, JANUARY 11, 2012/PAUSA 21, 1933 No. 3](cid:9) 11114-1V PART--W titieArkc (hOtoi TrAT(cid:9) ((ichit GOVERNMENT OF Hit NATIONAL CAPITAL TERRITORY OF DELHI 2011 * 4k9f0711./sta9gzil/97027(1* z faiff ( thx1(4-1 ) 4i, **-44, 3-0-14 31-414, *Hi A div 3th elerr SRI aim aait f-77TRntf Tel 34-daT 4h114141( I fsrrl1, 11 79at, 2012 2.7 4-6ff 41104 31R-ff tike61( TT, 12( 15 )/1-411 (T17.-1 ) 2011-12/SR -gr-011011-41* acrr(cid:9) Rtiftw,q11 (icra17)(cid:9) Tri, 111/33.--Rmillaruft[cF*7 (140t79.) 371eIFT, 2000 (2000 2011 elcr1a1f, 4,4+w:1R 3z-T4(cid:9) ara--RT, aniik (cid:9) zrri 414. iSc-celt erizr-I 06) 5.0E710 Vt4.011.7 ['gni) koirkorA n.74 aTRTE0-9Tbra%2d*C0,1 zd:r sit 4f-drrdigialf-dfvrt 344-194q, 1996 (1996 VI fr- 1 aftf9774 10) *[ WU 22 I1nTgR1a1 teal (cid:9) lt1 eblill I 7q-gr4 (1) WI msrt 71107f41 WI milli crit -V, 4%471 177t1T91 ec17 ise-va (cid:9) d41114491ci * 4g* * 47 f* t:11 3. 44fira. (cid:9)elk@ ^1111-a18T1 44ei 41aIr14, 3110 *WM{ altir vfriNct(cid:9) &1M* 7T[tzI 71747It 411- fsv-vil 4 041 \Mt WWI it** -1112T SITIT111-1:17, R1411-4411, 2011 * 7ITF 2 ft[cock, 2011 Tl 12 fFrdtE17, 2011 **(19 2 fird.47, 2011 *fffzi 4,14 8 4 39-4- faciiftictrwt fqatf.1441TiFiu 6e.cti • so:lkf (cid:9) *1(cid:9) * 12 f77-d-47 2011 *1 5[4.tii-1 co( gR1 -Fc 1TR 1491 A -gfd--zri ecirti gAi(cid:9) 3TRITTir ▪ tail Ito *MI 34-6a-T TEA tidva-11 4T. dvd *KR TR 114c11111c11(cid:9) *(cid:9) tie ••1 T41 W(* (0-04 VT* Trurff 1-0-110Ftdd(cid:9) trr(cid:9) *1 3011 *1 f(171zR, 2011 :',(fftivrel fsc0l CivilR-1dr TT 11414rd (4, 74* -gru Tram T1?.td. msfrI(cid:9) I 1996 t aturfa. tre-Titqlfrd 1:0Pi 8 * cacti 1 ogo tbef, *FIT (cid:9)3,:k4 v,tilitM01(cid:9) 'ON TO, 2011.4 6 flit** 9 nit4T, 2011* S1t1i44.15c-(11 411 Ted •4 div1 altf*15-1-4-41W/491-dril- *1 3-9rai wqm 41110 111rd e(a)11 &ttr di411-Acr 411Rtich -cf-qmr 4-4F 4491f1--4m t-tr(RF Cd-rdr -dtd,d1 (cid:9) tam TO* stedfgqiiatazifilfl<R, -44*Arc 10-12 1-4oseR, 2011 *7 tret7 1-14Y141 4Sci(cid:9) ka-4) 1 7707 71*%ift 41. 14(cid:9) 2It* d91.194191ei fir-drvici9d krviT* 31117 dsrd(cid:9) =ft * *1-4* -11.44r(cid:9) 71;17, 1. iliviriddr*Tfalm-r,7117f ITa-t Ow fsvcrir erk4)1( #31-TETTIIIH11,311-17-14*-III 111 911 C1 41A104, s11td 1717FiT (cid:9):-14114)91 kfilta .94c-4* 44,t1n<-444;(1-1 n 11) 92 00/2012(cid:9) (cid:9) DELHI GAZETTE : EXTRAORDINARY [PART N FINANCE (REVENUE-I) DEPARTMENT 1996 for the month of September, 2011 while claiming exemption from payment of Luxury Tax NOTIFICATION on the basis of the notification. Delhi, the llth January, 2012 By Order and in the Name of the No. F. 12(15)/Fin.(Rev.-I)/2011-12/DS III/33.—In Lt. Governor of the National exercise of the powers conferred by sub-section (1) of Capital Territory of Delhi, Section 22 of the Delhi Tax on Luxuries Act, 1996 (Delhi S. K. KAMRA, Dy. Secy.-III Act 10 of 1996), as amended by the Delhi Tax on Luxuries (Amendment) Act, 2000 (Delhi Act 6 of 2000), the 11/4t7I1 ?MIN 3T1IT 14{voomtr Lt. Governor of National Capital Territory of Delhi being aftrq--417 satisfied that it is necessary to do so in the public interest, herby exempt the following persons or class of persons fqc4, 11 7-4d, 2012 from payment of Luxury Tax on the Luxury provided in the Hotels during 2nd September, 2011 tol2th September, 2011 R. 21(02)/2012/1R T 74.-ivra4/39s.— with check in On the 2nd September, 2011 and check out iii cri(cid:9) *NIT* TTARTRTIT •Thich t 31*Ti*ff aT onthe 12th September, 2011 (ten days) in the National *T**: Capital Territory of Delhi, namely- ftffl)- 'LEK 17`3fta 11T (711*Tff ) {Mich, 2012 Delegates/GuestsRarticipants of the Pacific Asia Travel Association (PATA) Travel Mart, 2011, organized in ?ow itarr ( 02) 2012 New Delhi during 6th-9th September, 2011 followed by ( At t abela null( f<mi 1 feram the PATA Board of Directors' Meeting from 10th-12th Septemer, 2011 ty the Ministry of Tourism, Government of k•icti 11 Aiwa', 2012 %-)"(cid:9) Lid India. cbell 1PIT The exemption is granted subject to the following ftffll 'TM *OW Th-T 3ireci4, 2004 A' conditions:- tiwi Err cm1'63/4 RT fer4tr- 1. The Ministry of Tourism, Government of India shall 11Trff 1luitivv4* t4itics4 W(cid:9) (c(cid:9) (mut (cid:9) OT provide to the Department of Luxury Tax, ftraricrin TIT •Rbilitili arreffErftta *zit Government of National Capital Territory of Delhi the list of delegates/guests/participants for the Pacific Asia Travel Association (PATA) Travel 1. iffkira Y1(cid:9) dm atm{ 7-4 vn*.—(1) Mart, 2011 hotel-wise and room-wise, fin-rushing alitti** *1ke-arTnir-d-T(TtitR) aTfitizitt, 2012 there with the details about duration of stay, type (cid:9) 7144r of room and tariff charged by the hotel. (2) z18. k-11letl TROT 7MT*(cid:9) fsrriT 11 =wit((cid:9) *I 2. The Ministry of Tourism, Government of India shall issue certificates to the respective hotels along (3) Trg' 314 TTT * (cid:9) OR *711 titchl(,1**T* with the list of DelegatesiGuests/Participants for (014414 TrtRi**TTI 'NTT oa)i4 aftitzpi the Pacific Asia Travel Association (PATA) Travel *1. tTM 7 7TrTM *71 1 UR 2005 77 enTfl*T137* I Mart, 2011 hotel-wise and room-wise, furnishing therewith the details about duration of stay, type 2. gat 2 M-1- 1#1)114.—Isc-61 Tte4 17TU of room and tariff entitled for exemption by this TiaTTIT, 2004 (2005 *T ikevii 3Titti*417 03) (C31* WE notification. MYterf,TO arktzwr cnof TRIT t)(cid:9) *1712*1 .`1-11RT (1) 3. The respective hotels in turn shall enclose the *(cid:9) (it TO') 4 "vriftr9" vrK* T21F1 TT "* *4 T" certificates along with the aforesaid list issued by vr-c 41-ffr-P-Triwd f+-zu wrzim the Ministry of Tourism, Government of India and 3. UM 3 Th-T (cid:9) 31filf4-411(cid:9) IIRT 3 a,1 the copies of the bills raised by the hotels with 3q-9M 4 TY- thief Luxaury Tax Returns in Form -8 for the month of Septemebr, 2011. The respective hotels shall (*) "TaTt*" (cid:9)*cc *+ 112TH TR "8***" also furnish the runiever on accommodation 31t1ThithiffMT provided to the Guests/Delegates/Participants attending the Pacific Asia Travel Association (*() ITT- W TfLMT "28" * T-9419' TIT "21" *1 (PATA) Travel Mart, 2011 in column 1(B) of Form- sit-m{4ff fwiff 7TT1TR I 8 as prescribedunder Delhi Tax on Luxuries Rules. 4. rIFT(cid:9) MT 28 TT- • PAST 111 4- D1i11I (14Z1(cid:9), magAramicAsy 3 (T) 71-*Rr (i) 4 "art *4"174(cid:9) T-*14 111*Tull*reFfi*TUT *ICI* raw(cid:9) uteri *1#1*4 "11,4) 44" V11*11111-q1r4cf ichqf qi491; AT &TIN IMF cht,4 a NH1 SIT 4 *4 4 %idiarrcIT*131 (W) BIT-tiRT (2) -4 "'TT *4" vrc-l a T*Tri VT *foi *Tr 28 4 1:4714-4 'ft.-Eu*141 Norfacr * I "'VT. 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NRT 106 5144 f*-4r -*r (cid:9) P 4 TT-mu (3) trilf‘cii-ronacf 3111-4RT *71 gillf*T*111, iccrori f4*-9- Tt afqrs, 1975 * 3174d afR k144 01 ar,m. 2005 *i• qlsf 1FIT7IT41 W0711 amf-q :— 4,(4 *1-cu * TtN'ET 4 .47:ft fziglq 44101 144 a,1 *in "(4) #r aitieffEr4 4.14144* 7, 01 aTi*, 2005 4+14 * fill fCcrol. tc-4 **Tiff *7 341419-414, 2004 *9. *4KC1WWI arlf4(cid:9) fq441 71 Tke, fitt(711 ar7if-ffff 4i4 106 4 10(d(cid:9) atifffic44 NitirNdt A-Nef VITZT 1:1{. fittifm,(cid:9) ffiltar, 34*, ttUkrci, (cid:9) mf-cviltN, ticken f*.ta ‘(cid:9)4111-Sicirqd F I Tffi NAlenuc, Tim 7;11 *WI 71 wit aZi .‘a * 7r4 a194th (cid:9) 3114 414, 01,1 a144 0914 NTWIT z17 (cid:9) 1t t17*- 711q* Tkizt (cid:9) tf* 441191 -cwcr 4 I 1*741 acr (cid:9) ent4 * *11 411 a.P:1 3-kT21(cid:9) 4T14* fgrM1:(cid:9) (vilrtfuff) TOO .4 1t4Th**mitiflich ***1*2.1T*Ti.,q1(cid:9) qi (cid:9) famin 4 *-1 314 , o41,4(cid:9) dir *ft alb *, (cid:9) 1(-11* : 3ca4itifcc 4-41 cc4,41(cid:9) K41* thrkar fir 9/17Tff 01 311, 2005 T1 4Kr1 .4444:111711*,1442R1 aafff*Pr 12T 01 d, 4 dcm(cid:9) et ai4- 2005 4K.1 (cid:9) TFt* *WI* qit fl 11444, fariqq, airkw, feern(cid:9) WIT% aifkkvir 4,14 *err *VTR 44,1 kffr t 4144 (cid:9) i1: 3 t4(cid:9) 1 I" ccTi TST(cid:9) aR 01441449) alitTellM, 2012*4 41414*4 cir(cf fale Pir *Whit **1-4 atem fqtr (cid:9)1 I4dl 443 =Tftr wd thou t, 3311444411'' afff 14gi ui Wqr*TNizt thafth (cid:9) fa 4 *91 tr“ Tr-i4-ff *TTT 2 4 7*(1-c 3/R f4%,(cid:9) *1.11 ii* 4 1,4,,tcomr rMa f*-t vPr*-1- as4*--dr Tol 4 _s(cid:9) _a a_ CI1 (cid:9) 1 19114(cid:9) 1 1 41 T1 411 mg, zwii 11q (cid:9) c taw* Ti-dissit wct* lltnlrad1- NNYT 4114 3$(;41 aifW, 11aiT1 4411 icerilife7r14-4firawt (7:10*-4) attrfff4R,(cid:9) fga 1 *Irct177*--(*. urr t1,.1-01 mr 3 *1751449 **(*7344 *twit *1 al*P-41**Trzr1 Sit *tr4 *fa* -srwri 28 fci 011 *-feiqlt 21 fcff f**,31141111N11141di I ,:8(11-* I (cid:9) (cid:9) 4 DELHI GALL IL : EXTRAORDINARY [PAkr IV DELHI LEGISLATIVE ASSEMBLY SECRETARIAT of sub-section (1) of Section 2 of the Information Technology Act, 2000 (No. 21 of 2000), shall be treated as NOTIFICATIONS if the return has been signed as required under this Act". Delhi, the I I th Jantrary, 2012 6. Amendment of Section 74.—In 'lc principal Act, in section 74, in sub-section (10), for the word "seven", the No. 21(02)/2012/LAS-IV/Leg/395. The following word "eight" shall be substituted. Notification is Published for General Information : 7. Amendment of Section 8L—In the Delhi Value The Delhi Value Added Tax (Amendment) Bill, 2012 Added Tax Act, 2004 (Delhi Act 3 of 2005), in Section 81, in (Bill No. 02 of 2012) sub-section (2), after the proviso to clause (a), the follow- ing proviso shall be inserted, namely :- (As introduced in the Legislative Assembly of the National CapitalTerritory of Delhi on 11th January, 2012) "Provided further that the above proviso shall be deemed to have comc into force with effect from the First A day ofApril, 2005.". BILL 8. Amendment of Section 166.— In the principal to further amend the Delhi Value Added Tax Act, 2004. Act, in section 106, after sub-section (3), the following sub-section shall be added and shall be deemed to have BE it enacted by the Legislative Assembly of the National been added with effect from the First day of April, 2005, Capital Territory Of Delhi in the Sixty-second year of the namely :- Republic of India as follows :— "(4) Notwithstanding anything contained in this Act, 1. Short title, extent and commencement.—(1) This for the purpose of the levy, assessment, deemed assess- Act may be called the Delhi Value Added Tax (Amend- ment, reassessment, appeal, revision, review, rectification, ment)Act, 2012. reference, registration, collection, refund or input or credit of input tax, of allowing benefit of exemption or deferment (2) It extends to the whole of the National Capital of tax, imposition of any penalty or of interest or forfeiture Territory of Delhi. of any sum, which relates to any period ending before 1st (3) It shall come into force on such date as the day of April, 2005 or for any other purpose whatsoever Government may, by notification in the Official Gazette, connected with or incidental to any of the purposes afore- appoint, except Section 7 of this Act which shall be deemed said, and whether or not the tax, penalty, interest or sum to come into force with effect from 1st April, 2005. forfeited, if any, in relation to such proceedings, is paid before, on or after 1st day of April, 2005, the repealed Act 2. Amendment of Section 2.—In the Delhi Value .(cid:9) . and all rules, regulations, orders, notifications, forms and Added Tax'Act, 2004 (Delhi Act 3 of 2005), (hereinafter notices issued thereunder and in force immediately before referred to as the principal Act), in Section 2, in sub-sec- 1st day of April, 2005 shall continue to have effect as if this tion (I), in clause (z1), for the word "including", the word Act has not been passed." "excluding" shall be substituted. STATEMENT OF OBJECTS AND REASONS 3. Amendment of Section 3.— In the principalAct, To bring uniformity in the definition of purchase and in Section 3, in sub- section (4),- sale turnover in Section 2, the definition of purchase - (a) for the words "twenty eight", the words "twenty turnover is proposed to be amended. one" shall be substituted; To smoothen the tax planning and make it more (b)in the proviso, for the number "28", the number efficient, time for payment of Net Tax is proposed to be "21" shall be substituted. reduced from 28 days to 21 days by amending Section 3. 4. Amendment of section 28.—In the principal Act, To reduce the limitation period for revision of in section 28,- returns and filing of objection for correction of deficien- cies in return from four years to one year, Section 28 is -(a) in sub-section (1), for the words "four years", proposed to be amended. the words "one year" shall be substituted; , To provide for treating any return having been (b) in sub-section (2), for the words "four years", digitally signed as per the provisions of clause (p) of the weeds(cid:9) Olen Quhoinited sub-section (1) of Section 2 of the Information 5. Amendment of Section 29.— In the principal Act, Technology Act, 2000 (No. 21 of 2000) at par with in Section 29, after the second Explanation, the following electronic return to mean returns in the Act 29 is Explanation shall be inserted, namely :— proposed to be amended. "Explanation 3.—For the purposes of this Act, any To further extend the period of limitation prescribed return having digital signature as defined under clause (p) under sub-section (10) of Section 74 of the DVAT Act by (cid:9) PART WI(cid:9) Twat!. C4A7VITP Map kr-In-NARY another year, which would mean that these appeals would (2) TruAriA fse-rft TrE0Tr Trq'qr91(cid:9) fc1 TrT have to be decided by 31-3-2013 instead of 31-3-2012,- f(cid:9) * I Section 74 is proposed to be amended. (3) Trw slitm u•Tp41 atATFor H(q)i< 0(1 For conferring power on the High Court to condone the delay in filing of appeals, a proviso was inserted in the TN! 1:Tera loft( 4i wrir*r &ifir Section 81 through the Delhi Act 12 of 2010 which took 2. Elin 25 TTAWruo.—fsmrlArcu (cid:9) .3:ftift/R, effect from 1st February, 2011. While the intended purpose of the amendment was to make the provision 2003 (2004 *1 -Rrril 3T1IfizR, 3) (TFFE 4T" 'Tr applicable to some appeals which were dismissed by the Afnf-HATT"* (cid:9) 14**criTR turr 25 t ti**-1§Ig (IT) High Court for delayed filing, before the amendment, the f(cid:9) Att- tr (cid:9) , aTtk earlier amendment can achieve its useful purpose/ objective only if the amendment is given effect `'(+1) dtr 'Aifw (cid:9) (PAR Ti nit Trftira Irct* retrospectiVely, which is being attempted through the , (cid:9) *frlia (cid:9) sralw «4(cid:9) WE IZT 1:Tff 5110 : proposed amendment in Section 81. Tr4Tr**fw.m(iinRATrowt AfTrfuttzrutol To provide for a specific saving clause in respect of 317rp fcmir *, A*1 1TT*TT1 AforrolA Tr To aTfir*TT the power of revision under the Delhi Sales TaxAct, 1975, Section 106 of the Delhi Value Added Tax Act, 2004 is (cid:9) AfTrth *ft atATOI. +Rem{ * trrr # anTno(cid:9) • proposed to be amended on the suggestion of the f4E-M-1 fffa71711:1-4917 RTRaf (cid:9) cikresurcroq{ ftzTITRITTI;" Additional Solicitor General ofIndia. 3. aim 35 *T*019,-117 31111 Fl *, MI 35 The Bills seek to achieve the aforesaid objectives. as-Erru ( ro) 1414 (Tr Tr) * Voir f-Difi-Cwr sig's New Delhi : srf&ArfTra fear 7rT1Trr Dated : " (Tr TO wff irk*IT gio tcq afott (cid:9) ATI* (SHEILA DIKSHIT) *i(cid:9) Afo To Lira 3frritt a T flid-rfra-off AN* f, Trr Chief Minister/Minister of Finance +P4)ItTrr*-th Aftrt wiTrf7Tri* 3IfTsr (cid:9)tifxr t*Ar (cid:9) Tn Artit AfTe ATA faaT1 Tr 4(517 0,414* FINANCIAL MEMORANDUM 7117 7*1- Juia * Rint *10.T4 /11(cid:9) aTttT The Delhi Value Added Tax (Amendment) Bill, 2012 (iPf "V WA• a )3T1UF al HIie1 t *.q111filt -gRT 3"07.A. does not involve any additional financial implications since no outgo on new posts is anticipated from the 1T (cid:9) thr* (cid:9) 'srf-drd A *-Tr o*i 31t41AF-to*it Consolidation Fund of the National Capital Territory of * worl ad H-il-tirr foto Smelt &411. 3121fg% Delhi. +Rem *xi-Fr (cid:9) +Kt! gruTrAolo MAT-4 TT, 14, 21(01)/2012/1„,mt,t•IVralT/396.— WcEEN Strffar -161 viRvcr afitiii** *TEIR1T711*1. tad T1(cid:9)w r( too +NT Neat .q7d1 fCI A tmchit HRrfrigi (*Imo ) taaTIW, 2011 .(*AA-Ist-dvo Hrtt AfaVO; t(ch *711 ( 01 ) 2012 aTTAIA srfuou oTTAIsrfma; ( ifirz w(cid:9) jctint0-11(cid:9) fk(.4 fon ANTI TA 3Cravrff 11 AfTw Tat srfavo : 11 R-iich 11 Aitta, 2012 -4'(cid:9) 1*-01. 11111) dticr‘r * (cid:9) aroTfa. Q.41 'TT ArSi 3#1*TT aTilifitgr, 2003 ( 2004 Th-T as as 7((1.(cid:9) 714..ffW 31. 71r 711 WIT1 +lit&au Aftqlff fca r.R-6-*-rft tiraraqi fkffll. alfbfkEPT, 03) Th-T(cid:9) 7441)1R cht4* Hid IrrnTa vildf*;" I mil'(cid:9) q,1tuf*T femur Mqq, zigtP411141*ft 31-3-2011 -*-1 Sctr1 Trz*R1.311qTF1 "F4' -11P-1 fo 44(cid:9) a *1. To .114,1o2zr Afirco l 3,147,13 I ..........(cid:9) a 74 TI 711171,174711.(cid:9) i;;QT.1;,' orAr .b44 foTA1 A 3,026.00 1k (AO (i(chl,( 4 R4 ir TIfT.TroTror WI *8' filo Yq atAfoTrfro *1 *a 116.13 01(4 v94 kcri1A-z-wth aiRRI fro 114144 fok?...sam 1.ARTITr x1dq, •DRI1K Rat 11rtv.—(1) *Tr Aff/foTrIT Tamer Tre*TeHrH(cid:9) 141 fs~(cid:9) 9bA1q : 96.30 Afasla 'ffR1T (cid:9) ( (cid:9) 3iftifiER, 2011 c66171 3,70(cid:9) t' T*oi D &d o- 2-- (cid:9) DELHI GAZETTE : EXTRAORDINARY [PART ct'S1 Webit (cid:9) *f v'wl 64.00 tvitd toi(cid:9) 46.m. (2) It extends to the whole of the National Capital Territory of Delhi. 302600 BIN Ttfzi(cid:9) *7-4TW f'4" Tf TI8MT(1 SIT010 Feld Tatra tit -I.Trcrgt (414104(cid:9) qt (cid:9) 72.93 'WM tim(1 (3) It shall come into force on such date as the siqsht 117, 59 Wel yrit t Tit tH Government ery, hy notification in the Official Gazette, appoint. ikccit tosstoil tinsfit allies a, 2003(cid:9) B14401 2. Amendment of Section 25.—In the Delhi Co- alTen .Pn ((siva WWI fqw1;100 R-1102.s 4 96.30 Sfrffq10 operative Societies Act, 2003 (Delhi Act 3 of 2004) "07(cid:9) '0"4 * anvil ti(q)it (hereinafter referred to as "the principal Act"), in the 8 * 71/97 M-1 SifsT+7 t I proviso to Section 25, for clause (c), the following clause shall be inserted, namely : — 3.70 SfrIA7 * c(cid:9) f-17 STINK 04((4 tirHrni "(c) where the Government is a member of the llti t14t4 (cid:9) 71 aftm-R(cid:9) 1-MP-14)11 4 dicinwff f Co-operative Society, each person nominated by . 114(5411276 creect) 31-3-2011 *fseeillTr+71 311"471 the Government on the committee shall have one felll fffllig Wit (iwf 4(404 a1 T0YIT 1276 I vote : 8-0 31,40( ti(411k Witreeff iTt1T4 ftr*I.A-Ticau Provided that where the Government has vnr Tsrw.as> if4f-d -A noir 4 fitir*- I *(cid:9) aff: subscribed to the share capital of such Co- operative Society, the voting rights of the faf;NINcr f*-4 •,0,11,50cRq*dr* Government nominees shall be in proportion to f-444wFTzru 404* t the share of the Government in the paid up equity of the Co-operative Society which shall be Two, (-tabi 4,0. distributed among the nominated members equally;" cITI (1 714-4 3.A mendment of Section 35.—hi the principal Act, fc-4.118"*11 (I 148 ((cid:9) R) alftli7(4, 2011 113174 in Section 35, in sub-section (10), for clause (cc), the Tr-otir4 eta Rctil m't #ia4 fifty # 44-cram * 4R4# following clause shall be substituted, namely :— flzr +04.0 trt aterA 1ST 0100r ft Trfrr tiFl chte " (cc) where the total amount of issued equity I share capital held by the Government is sixty per cent or more of the total issued share capital or 104N act *(11T4 TifaiEfr TER the Government has given loan or made advances ist4 I:FF*1ft 05:11-aqi (#411tR) 3TRfa40, 2011 furl to the Co-operative Society or guaranteed the repayment of principal and payment of interest LicifiWT711 7 f4s1Tt vrr-40 #144 aT nig T*-r-dr on debentures or bonds issued by the tft. 74. frm, if-44 Co-operative Society or guaranteed the paynient of principal and payment of interest on loan and F. No 21/(01)/2012/LAS-IV/Leg./396.—The follow- advances to the Co-operative Society in amount ing Notification is published for general information : not less than sixty per cent in the aggregate of The Delhi Co-operative Societies (Amendment) the total amount so borrowed by the Bill, 2011. Co-operative Society, members of the committee including the Chairman in the following manner, Bill No. 01 of 2012 namely :- (cid:9) (As intorduced in the Legislatice Assembly of the "Percentage held by Percentage of members (cid:9) National Capital Terrioty of Delhi on 11th January, 2012) Government of the committee to be A nominated by the Govemment BILL (cid:9) Sixty to seventy per cent Seventy per cent; further to amend the Delhi Co-operative Societies Act, 2003 Seventy to eighty per cent Eighty per cent; (Delhi Act 3 of 2004). (cid:9) Eighty to ninety per cent Ninety per cent; BE it enacted by the Legislative Assent-1y of the (cid:9) National Capital Territory of Delhi in the Sixty-second Year Above ninety per cent Hundred per cent : of the Republic of India as follows :- Provided that the right once accrued under this r. 1. Short title, extent and commencement.— (1) This clause shall continue until the percentage of the amount in Act may be called the Delhi Co-operative Societies respect of share contribution or guaranteed loan goes down to less than sixty per cent.". (Amendment) Act, 2011. DELHI GALE I I t LK!' RAORDINARY PART IV1 There is thus a need for re-appropriation of number Statement of Objects and Reasons of Directors nominated by the Gevemment and the value It has been observed that as on 31-3-2011, the total of the vote of Directors as compared to the one vote per issued and subscribed capital of the Delhi Co-operative society. Housing Finance Corporation -Ltd. (DCHFC) is Rs 3,142.13 lakh out of which Rs. 3,026.00 lakh is Hence, this bill. subscribed by the Government and Rs. 116.13 lakh is ( HAROON YUSUF) subscribed by the member Co-operative Societies of Delhi Co-operative Housing Finance Corporation Ltd. which Minister of Co-operation comes to 96.30% and 3.70% respectively. FINANCIAL MEMORANDUM The share capital of the Government of NCT of Delhi has gone up from Rs. 64.00 lakh to Rs. 3026.00 latch The Delhi Co-operative Societies (Amendment) Bill, whereas titer share capital of the member societies of Delhi 2011 does not involve any additional financial assistance Co-operative llousing Finance Corporation Ltd. has gone from the Central Government through substantive up from 72.93 lakh to Rs. 117.59.1alch. expenditure from the Consolidated Fund of the National As per the provisions of the Delhi Co-operative Capital Territory of Delhi. SOeieties Act, 2003, with 96.30% holding in the Delhi MEMORANDUM REGARDING DELEGATED Co-operative Housing Finance Corporation Ltd. the LEGISLATION Government is entitled to nominate only eight directors out of total strength of eleven directors. The Delhi Co-operative Societies (Amendment) Bill, However, with minor stake of 3.70% , the member 20111 does not seek to confer power of legislation on any societies are entitled to elect three members and are having subordinate functionaries. 1276 votes in the General Body since number of member P. N. MISHRA, Secy. societies of Delhi Cooperative Housing Finance Corporation Ltd. as on 31-3-2011 is 1276. Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. is

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