Applicability of General Financial Rules to autonomous bodies

A copy of Ministry of Finance/Department of Expenditure’s OM No. 1(37)/2010-EII(A) dated 02.11.10 advising that the relevant provisions contained in General Financial Rules shall be deemed to be applicable to autonomous bodies except to the extent the bye laws of an autonomous body provides for separate Finance Rules which have been approved by the Government, since such organizations are created/owned by and often receive grants from the Government of India. The same will be applicable to autonomous bodies under Ministry of Railways mutatis mutandis.
No. 1(37)/2010-EII(A)
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 2nd November, 2010
OFFICE MEMORANDUM
Subject:- Applicability of General Financial Rules to autonomous bodies-regarding.
The undersigned is directed to say that references have been received regarding the extent of applicability of the provisions contained in the General Financial Rules to the autonomous bodies. Since such organisations are created/owned by and often receive grants from the Government of India, the relevant provisions contained in General Financial Rules shall be deemed to be applicable to autonomous bodies except to the extent the bye laws of an autonomous body provides for separate Financial Rules which have been approved by the Government. This may be brought to the notice of Heads of autonomous bodies and all concerned in the Ministries/Departments.