THE KARNATAKA FINANCIAL CODE, 1958
NOTIFICATION
No. FD I COD 58, dated 1st April 1958
In exercise of the powers conferred by clause (2) of Article 283 of the Constitution of India and in supersession of the Rules contained in the Mysore Financial Code, Volume 1 (1952 Edition) with Appendices and Forms as contained in the Mysore Civil Account Code, Volume 1 (1927 Edition) as amended, other than the rules relating to contingent expenditure, the Governor of Karnataka, hereby makes the following rules, namely:-
CHAPTER - I
TITLE AND DEFINITIONS
1. (1) These rules may be called the Karnataka Financial Code, 1958.
(2) They shall come into force on the First day of July 1958.
1-A. If the Government considers it necessary or expedient so to do for avoiding any hardship or removing any difficulty that may arise as a result of the application of these rules, it may subject to such restrictions and conditions, if any, as it may think fit to impose, dispense with or relax the provisions of any of these rules in any case or class of cases.
2. In this Code, unless the context requires otherwise the following words and phrases have the meanings hereby assigned to them:-
(1) “Accountant General” means the head of the Office of Audit and Accounts who maintains the accounts of the State and exercise Audit functions in relation to those accounts on behalf of the Government.
(2) “Abstract Bill”.-A bill without details either for contingent or travelling allowance expenditure, paid at a treasury without the scrutiny and countersignature of a controlling authority, to save delay in the discharge of a claim.
(3) “Budget Calendar” means the calendar fixed by Government for the preparation of the budget estimates and for completion of the State Budget of the year (Refer to the Budget Manual).
(4) “Budget Estimates” are the detailed estimates of the receipts and expenditure of a financial year. (Refer to the Budget Manual).
(5) “Cash Order” means an order issued by a Treasury Officer for private remittances on another Treasury, of a specified amount to a specified person.
(6) “Cheque” means a written order (not expressed to be payable otherwise than on demand) addressed by a person called the “drawer” to a Bank or Treasury to pay a specified sum of money to himself or to a third party known as the “payee” and includes a demand draft drawn on any specified Bank.
(7) “Controlling Authority” means the Head of a department or other departmental officer who is entrusted with the responsibility of controlling the
NOTIFICATION
No. FD I COD 58, dated 1st April 1958
In exercise of the powers conferred by clause (2) of Article 283 of the Constitution of India and in supersession of the Rules contained in the Mysore Financial Code, Volume 1 (1952 Edition) with Appendices and Forms as contained in the Mysore Civil Account Code, Volume 1 (1927 Edition) as amended, other than the rules relating to contingent expenditure, the Governor of Karnataka, hereby makes the following rules, namely:-
CHAPTER - I
TITLE AND DEFINITIONS
1. (1) These rules may be called the Karnataka Financial Code, 1958.
(2) They shall come into force on the First day of July 1958.
1-A. If the Government considers it necessary or expedient so to do for avoiding any hardship or removing any difficulty that may arise as a result of the application of these rules, it may subject to such restrictions and conditions, if any, as it may think fit to impose, dispense with or relax the provisions of any of these rules in any case or class of cases.
2. In this Code, unless the context requires otherwise the following words and phrases have the meanings hereby assigned to them:-
(1) “Accountant General” means the head of the Office of Audit and Accounts who maintains the accounts of the State and exercise Audit functions in relation to those accounts on behalf of the Government.
(2) “Abstract Bill”.-A bill without details either for contingent or travelling allowance expenditure, paid at a treasury without the scrutiny and countersignature of a controlling authority, to save delay in the discharge of a claim.
(3) “Budget Calendar” means the calendar fixed by Government for the preparation of the budget estimates and for completion of the State Budget of the year (Refer to the Budget Manual).
(4) “Budget Estimates” are the detailed estimates of the receipts and expenditure of a financial year. (Refer to the Budget Manual).
(5) “Cash Order” means an order issued by a Treasury Officer for private remittances on another Treasury, of a specified amount to a specified person.
(6) “Cheque” means a written order (not expressed to be payable otherwise than on demand) addressed by a person called the “drawer” to a Bank or Treasury to pay a specified sum of money to himself or to a third party known as the “payee” and includes a demand draft drawn on any specified Bank.
(7) “Controlling Authority” means the Head of a department or other departmental officer who is entrusted with the responsibility of controlling the
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