The National Institute of Design (Form of Annual Statement of Accounts) Rules, 2016
Published vide Notification No. G.S.R. 884(E), 14th September, 2016
act2950
Ministry of Commerce and Industry
(Department of Industrial Policy and Promotion)
G.S.R. 884(E). - In exercise of the powers conferred by clause (b) of sub-section (2) of section 38 read with sub-section (1) of section 25 of the National Institute of Design Act, 2014 (18 of 2014), the Central Government hereby makes the following rules, namely:-
- Short title and commencement.- (1) These rules may be called the National Institute of Design (Form of Annual Statement of Accounts) Rules, 2016.
(2) They shall come into force on the date of their publication in the official Gazette.
- Definitions.- In these rules, unless the context otherwise requires, -
(a) `Act' means the National Institute of Design Act, 2014 (18 of 2014);
(b) 'Form' means Form annexed to these rules;
(c) 'Schedule' means the Schedule annexed to these rules;
(d) Words and expressions used and not defined in these rules but defined in the Act shall have the meanings respectively assigned to them in the Act.
- Maintenance of proper accounts and records.- (1) The Institute shall maintain its accounts and records in the Form of financial statements annexed to these rules.
(2) The Institute shall follow the general directions by the Central Government in consultation with the Comptroller and Auditor General of India in maintaining the financial statements.
- Preparation and submission of annual statement of accounts of the Institute.- (1) The Institute shall prepare its annual statement of accounts and balance sheet showing the financial results as specified in Form `A' and Form `B' and the Schedules annexed to these rules. (2) The annual statement of accounts and balance sheet of the Institute, duly authenticated by the Director and passed by the Governing Council shall be forwarded to the Comptroller and Auditor General of India, not later than the 31st July every year.
(3) The duly audited annual statement of accounts of the Institute as certified by the Comptroller and Auditor General of India together with the audit report thereon shall be forwarded by the Director for every financial year to the Central Government by the 30th September of the following year for laying before the both Houses of Parliament.
(4) The books of Accounts will be maintained on the basis of double entry book keeping system.
- Separate ledger accounts for funds received from the Government of India.- The Institute shall maintain separate ledger accounts for all funds received from the Government of India and maintain accounts of the Institute regarding proper utilisation of such grants.
Form `A'
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Balance Sheet as at 31st March, ________________
(Amount in Rs.)
Schedule | 31.03._______ | 31.03._______ | |
Capital Fund And Liabilities
Capital Fund: Depreciation Fund: Earmarked Funds: Grants and Contributions: Grants for New NIDs Current Liabilities: |
1 6 2 3 4 5 |
||
Total | 0 | 0 | |
Assets
Fixed Assets: (At Cost) Investments: (At Cost) Current Assets, Loans, Advances Etc.: Income & Expenditure Account |
6 7 8 9 |
||
Total | 0 | 0 | |
For Notes forming part of Accounts - 17
Place: _____________
Date: ______________
Director
Form `B'
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Income and Expenditure Account for the Year Ending 31st March, _________
(Amount in Rs.)
Schedule | Current Year | Previous Year | |
Income
Fees: Service Charges: Grants: Interest Earned: Other Income: Transferred From Capital Fund to the Extent of Depreciation: |
10 11 12 13 1 |
||
Total (A) | 0 | 0 | |
Expenditure
Establishment Expenses: Other Administrative Expenses: Expenses On Projects: Interest/bank Charges: Depreciation: (Ref. Note no. le) Amount Transferred To Specific Funds: |
14 15 11 6 16 |
||
Total (B) | 0 | 0 | |
Balance Being Deficit Carried Over to Balance Sheet (A-B) | 9 |
For NOTES forming part of Accounts, see Schedule - 17
Place: _____________
Date: ______________
Director
Schedule -1
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ________________
Capital Fund
Particulars | 31.03._______ | 31.03._______ |
Rs. | Rs. | |
a. Capital Fund
Balance as on 1-4-_________ |
||
a. Add: i) Amount transferred from Central Government Grants Account for meeting Non-recurring expenditure | ||
ii) Amount transferred from Appropriation of fund for Building under construction Account | ||
iii) Amount transferred from Income & Expenditure A/c. on account of excess of cost over grant for Non-Recurring Expenditure | ||
b. Less: Transferred to Income & Expenditure Account to the extent of depreciation on assets acquired out of Capital Funds | 0 | 0 |
c. Less: Adjustment of the value of Machinery, Equipment & Furniture sold/discard during the year. | ||
Sub-Total (a.) | 0 | 0 |
b. Land Reserve
Balance as on 1-4-_________ |
||
Total (a+b) | 0 | 0 |
Director
Schedule-2
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, _______________
Earmarked Funds
Sr. No. | Name of funds | Opening balance as on 01.04._____ | Interest credited | Other credited | Amount debited | Ref. Note | Closing balance as on 31.03.___ |
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | ||
Grand total | 0 | 0 | 0 | 0 | 0 | 0 | |
Previous year |
Director
Schedule-3
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the balance Sheet as at 31st March, ________
Grants and Contributions
Sr. No. | Name of account | Opening balance as on 01.04._____ | Grant credited | Amount debited | Ref. Note | Closing balance As on 31.03._____ | ||
Non recurring Exps | Transferred to I & E A/c. | Other debited | ||||||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |||
Total | 0 | 0 | 0 | 0 | 0 | 0 | ||
Previous year |
Director
Schedule-4
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ________________
Grants For New NIDs
Sr. No. | Name of account | Grant credited up to 31.03.____ | Grant utilised up to 31.03.____ | Opening balance as on 01.04._________ | Grant credited during the year | Total | Amount debited | Closing balance As on 31.03.____ | ||
Non-recurring Exps | Transferred to CPWD/NVCC for Const. woek | Other debited | ||||||||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | ||
Central Government Grant Plan (non-recurring) for implementation of national Design Policy: Setting up of new NID campuses at | ||||||||||
1 | Jorhat | |||||||||
2 | Hyderabad | |||||||||
3 | Bhopal | |||||||||
4 | Kurukshetra | |||||||||
5 | Vijayawada & Other campuses | |||||||||
Total | ||||||||||
Previous year |
Director
Schedule-5
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ______________
Current Liabilities
Particulars | 31.03.______ | 31.03.______ |
Rs. | Rs. | |
1. For expenses | ||
2. For rent & other deposits | ||
3. For sundry credit balances | ||
4. For advance for projects in progress | ||
Total | 0 | 0 |
Director
Schedule-6
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Fixed Assets
Sr. No. | Particulars | Gross Block | Depreciation | Net Block | |||||||
As on 01.04.____ | Addition | Sale/Adjustment | As on 31.03.___ | As on 01.04.___ | For the Year | Sale/Adjustment | As on 31.03.__ | As on 31.03.__ | As on 31.03.__ | ||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | ||
A | Immovable Properties | ||||||||||
1 | (i) Land | ||||||||||
Sub-total of 1 | |||||||||||
2 | NID campus buildings | ||||||||||
Sub-total of (1+2) | |||||||||||
B | Movable Properties | ||||||||||
1 | Machinery, equipment& tools | ||||||||||
2 | Furniture & fixtures | ||||||||||
3 | Computers & peripherals | ||||||||||
4 | Staff pool vehicles | ||||||||||
5 | Library books | ||||||||||
Sub-Total of B | |||||||||||
C | Capital works in progress | ||||||||||
Sub-Total of C | |||||||||||
Grand Total | |||||||||||
Previous Year |
Director
Schedule-7
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, __________
Investments (At cost)
Particulars | 31.03.___ | 31.03.____ |
Long Term | Rs. | Rs. |
Fixed Deposits with
Bonds |
||
Total | 0 | 0 |
Director
Schedule-8
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Current Assets, Loans, Advances etc.
Particulars | 31.03.____ | 31.03.____ |
Rs. | Rs. | |
A. Current Assets:
i) Inventories: Civil and Capital Materials (At Cost) |
||
ii) Cash Balances On Hand | ||
iii) Bank Balances
a) In Current account with |
||
Sub-Total (a) | ||
b) In Saving account with | ||
Sub-Total (b) | ||
Sub-Total (a)+(b) | ||
c) In Call/Term Deposit account with | ||
Sub-Total (c) | ||
Sub-Total - III (a+b+c) | ||
Total (I+II+III) |
Schedule-8
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Current Assets, Loans, Advances etc.
Particulars | 31.03.___ | 31.03.___ |
Rs. | Rs. | |
B. Loan, Advances and Other Assets: i. Loans: a. Secured | ||
Sub-Total of (a) | ||
b. Unsecured | ||
Sub-Total (i) | ||
ii. Advances: | ||
Sub-Total (ii) | ||
Sub-Total (III) | ||
Total of B (I+II+III) | ||
Total of A+B |
Schedule-9
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the balance Sheet as at 31st March, ____________
Income and Expenditure Account
Particulars | 31.03.___ | 31.03.___ |
Rs. | Rs. | |
Balance as on 01.04.________ | ||
Less: Met from NID's own Income | ||
Add: Current year's deficit (Plan Recurring) | ||
Less: Current year's surplus (Non-Plan Recurring) | ||
Deficit carried over to Balance Sheet |
Director
Schedule-10
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Fees
Particulars | 20 - | 20 - |
Rs. | Rs. | |
Total |
Director
Schedule-11
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _______
Income from Project receipts/Grants(Non plan) & expenses from projects (Non Plan) 20___-20____
20- 20 | 20 - 20 | |||
Particulars | Project Expenses | Project Receipts | Project Expenses | Project Receipts |
Rs. | Rs. | Rs. | Rs. | |
Total |
Director
Schedule-12
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _________
Transfers from Grants & Contributions
Particulars | 20-- -- | 20-- -- |
Rs. | Rs. | |
Total | 0 | 0 |
Director
Schedule-13
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _______
Interest earned
Particulars | 20-- -- | 20-- -- |
(Other than directly credited to earmarked funds) | Rs. | Rs. |
A) On term deposit | ||
Sub-Total (A) | 0 | 0 |
B) On Saving/Current accounts | ||
C) On Loans | ||
Sub-Total ( C ) | 0 | 0 |
Total of A+B+C | 0 | 0 |
Director
Schedule-14
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _______
Establishment expenses
20 - | 20 - | |||||
Particulars | Non-Plan recurring expenses | Plan recurring epenses | Total | Total of Non-Plan and Plan recurring expenses | ||
R & D | Other | Total | ||||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |
1. Salaries, wages & allowances | ||||||
2. Provident fund contribution | ||||||
3. Gratuity contribution | ||||||
4. Medical reim. &staff welfare | ||||||
Total | 0 | 0 | 0 | 0 | 0 | 0 |
Director
Schedule-15
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Other administrative expenses
20 - | 20 - | |||||
Particulars | Non-Plan recurring expenses | Plan Recurring Expenses | Total | Total of Non-Plan and Plan recurring expenses | ||
R & D | Other | Total | ||||
Rs. | Rs. | Rs. | Rs. | Rs. | ||
1. Travelling expenses | ||||||
2. Telephone, Telex, Postage | ||||||
3. Electricity expenses | ||||||
4. Maintenance: Mechanical, Electrical, Electronics | ||||||
5. Vehicle maintenance & Operation charges | ||||||
6. Material, Supplies Consumables etc. | ||||||
7. General Expenses for Satellite Centres | ||||||
8. Advertisement & Publicity expenses | ||||||
9. Welfare, Campus events & Other expenses | ||||||
10. Library, Journals, Periodical, Subscription etc. | ||||||
11. Student Freeship & Development | ||||||
12. Faculty, Staff HRD, Other Misc. expenses | ||||||
13. Rates, Taxes, Cesses | ||||||
14. Repairs & Maintenance | ||||||
15. Insurance | ||||||
16. Legal expenses & Professional fees | ||||||
17. Audit fees | ||||||
Total | 0 | 0 | 0 | 0 | 0 | 0 |
Director
Schedule-16
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _________
Amount transferred to Reserve or Specific fund
Particulars | 20 - - | 20 - - |
Rs. | Rs. | |
Total | 0 | 0 |
Director
Schedule-17
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of balance sheet and income and expenditure account for the year ended 31stMarch, _______
Notes forming part of accounts
- Significant Accounting Policies:
- Accounting Convention: The Financial statements are prepared on the basis of historical cost convention, unless otherwise stated and on the accrual method of accounting except for interest income and liability towards privileged leave.
- Investments: Long Term Investments are stated at cost.
- Fixed Assets: Fixed Assets are stated at the cost. The cost includes invoice value, freight, octroi, and other incidental expenses relating acquisition.
- Government Grants: i. Government grants are accounted on the basis of sanction from Government Department.
- Government grant to the extent utilised towards capital expenditure, are transferred to the Capital Fund.
iii. Government grants for meeting Revenue expenditure are treated as income of the year to the extent of expenditure incurred.
- Utilized grants are carried forward and exhibited as a Liability in the balance Sheet
- Foreign Currency Transaction: Transaction denominated in foreign currency are accounted for at the exchange rate prevailing on the date of transaction. The bank balance held in foreign currency is converted into Rupee at RBI rate prevailing on the closing day of the financial year.
- Current Assets, Loans And Advances: In the opinion of the management, the current assets, loans and advances have a value on realization in the ordinary course of business, equal at least to the aggregate amount shown in the Balance Sheet.
- Income Tax: The income of the Institute is exempt under Income-tax Act 1961. No provision for Income Tax is therefore made in the accounts.
- Retirement/terminal Benefit: Terminal leave encashment benefit to the employees is accounted for on cash basis. Gratuity is charged to Income & Expenditure A/c on the basis Actuarial valuation and the same is contributed to the NID Employees' Gratuity Fund.
- Contingent Liabilities Rs. __________ (Previous year Rs. _____________ )
- Estimated amount of contract remaining to be executed on capital account and not provided for Rs. ___________ Previous year Rs. _______________ )
- Deficit for the year _____________ of Rs. _________________ For the year _____________ Rs. ________________ ) has been debited to misc. exps, as there is no specific government. grant received for the same during the year.
- Corresponding figures for the previous year have been regrouped/rearranged where ever necessary.
- Figures in the Final accounts have been rounded off to the nearThe National Institute of Design (Form of Annual Statement of Accounts) Rules, 2016
Published vide Notification No. G.S.R. 884(E), 14th September, 2016
act2950
Ministry of Commerce and Industry
(Department of Industrial Policy and Promotion)
G.S.R. 884(E). - In exercise of the powers conferred by clause (b) of sub-section (2) of section 38 read with sub-section (1) of section 25 of the National Institute of Design Act, 2014 (18 of 2014), the Central Government hereby makes the following rules, namely:-
- Short title and commencement.- (1) These rules may be called the National Institute of Design (Form of Annual Statement of Accounts) Rules, 2016.
(2) They shall come into force on the date of their publication in the official Gazette.
- Definitions.- In these rules, unless the context otherwise requires, -
(a) `Act' means the National Institute of Design Act, 2014 (18 of 2014);
(b) 'Form' means Form annexed to these rules;
(c) 'Schedule' means the Schedule annexed to these rules;
(d) Words and expressions used and not defined in these rules but defined in the Act shall have the meanings respectively assigned to them in the Act.
- Maintenance of proper accounts and records.- (1) The Institute shall maintain its accounts and records in the Form of financial statements annexed to these rules.
(2) The Institute shall follow the general directions by the Central Government in consultation with the Comptroller and Auditor General of India in maintaining the financial statements.
- Preparation and submission of annual statement of accounts of the Institute.- (1) The Institute shall prepare its annual statement of accounts and balance sheet showing the financial results as specified in Form `A' and Form `B' and the Schedules annexed to these rules. (2) The annual statement of accounts and balance sheet of the Institute, duly authenticated by the Director and passed by the Governing Council shall be forwarded to the Comptroller and Auditor General of India, not later than the 31st July every year.
(3) The duly audited annual statement of accounts of the Institute as certified by the Comptroller and Auditor General of India together with the audit report thereon shall be forwarded by the Director for every financial year to the Central Government by the 30th September of the following year for laying before the both Houses of Parliament.
(4) The books of Accounts will be maintained on the basis of double entry book keeping system.
- Separate ledger accounts for funds received from the Government of India.- The Institute shall maintain separate ledger accounts for all funds received from the Government of India and maintain accounts of the Institute regarding proper utilisation of such grants.
Form `A'
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Balance Sheet as at 31st March, ________________
(Amount in Rs.)
Schedule 31.03._______ 31.03._______ Capital Fund And Liabilities Capital Fund:
Depreciation Fund:
Earmarked Funds:
Grants and Contributions:
Grants for New NIDs
Current Liabilities:
1
6
2
3
4
5
Total 0 0 Assets Fixed Assets: (At Cost)
Investments: (At Cost)
Current Assets, Loans, Advances Etc.:
Income & Expenditure Account
6
7
8
9
Total 0 0 For Notes forming part of Accounts - 17
Place: _____________
Date: ______________
Director
Form `B'
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Income and Expenditure Account for the Year Ending 31st March, _________
(Amount in Rs.)
Schedule Current Year Previous Year Income Fees:
Service Charges:
Grants:
Interest Earned:
Other Income:
Transferred From Capital Fund to the Extent of Depreciation:
10
11
12
13
1
Total (A) 0 0 Expenditure Establishment Expenses:
Other Administrative Expenses:
Expenses On Projects:
Interest/bank Charges:
Depreciation: (Ref. Note no. le)
Amount Transferred To Specific Funds:
14
15
11
6
16
Total (B) 0 0 Balance Being Deficit Carried Over to Balance Sheet (A-B) 9 For NOTES forming part of Accounts, see Schedule - 17
Place: _____________
Date: ______________
Director
Schedule -1
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ________________
Capital Fund
Particulars 31.03._______ 31.03._______ Rs. Rs. a. Capital Fund Balance as on 1-4-_________
a. Add: i) Amount transferred from Central Government Grants Account for meeting Non-recurring expenditure ii) Amount transferred from Appropriation of fund for Building under construction Account iii) Amount transferred from Income & Expenditure A/c. on account of excess of cost over grant for Non-Recurring Expenditure b. Less: Transferred to Income & Expenditure Account to the extent of depreciation on assets acquired out of Capital Funds 0 0 c. Less: Adjustment of the value of Machinery, Equipment & Furniture sold/discard during the year. Sub-Total (a.) 0 0 b. Land Reserve Balance as on 1-4-_________
Total (a+b) 0 0 Director
Schedule-2
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, _______________
Earmarked Funds
Sr. No. Name of funds Opening balance as on 01.04._____ Interest credited Other credited Amount debited Ref. Note Closing balance as on 31.03.___ Rs. Rs. Rs. Rs. Rs. Rs. Grand total 0 0 0 0 0 0 Previous year Director
Schedule-3
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the balance Sheet as at 31st March, ________
Grants and Contributions
Sr. No. Name of account Opening balance as on 01.04._____ Grant credited Amount debited Ref. Note Closing balance As on 31.03._____ Non recurring Exps Transferred to I & E A/c. Other debited Rs. Rs. Rs. Rs. Rs. Rs. Total 0 0 0 0 0 0 Previous year Director
Schedule-4
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ________________
Grants For New NIDs
Sr. No. Name of account Grant credited up to 31.03.____ Grant utilised up to 31.03.____ Opening balance as on 01.04._________ Grant credited during the year Total Amount debited Closing balance As on 31.03.____ Non-recurring Exps Transferred to CPWD/NVCC for Const. woek Other debited Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Central Government Grant Plan (non-recurring) for implementation of national Design Policy: Setting up of new NID campuses at 1 Jorhat 2 Hyderabad 3 Bhopal 4 Kurukshetra 5 Vijayawada & Other campuses Total Previous year Director
Schedule-5
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ______________
Current Liabilities
Particulars 31.03.______ 31.03.______ Rs. Rs. 1. For expenses 2. For rent & other deposits 3. For sundry credit balances 4. For advance for projects in progress Total 0 0 Director
Schedule-6
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Fixed Assets
Sr. No. Particulars Gross Block Depreciation Net Block As on 01.04.____ Addition Sale/Adjustment As on 31.03.___ As on 01.04.___ For the Year Sale/Adjustment As on 31.03.__ As on 31.03.__ As on 31.03.__ Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. A Immovable Properties 1 (i) Land Sub-total of 1 2 NID campus buildings Sub-total of (1+2) B Movable Properties 1 Machinery, equipment& tools 2 Furniture & fixtures 3 Computers & peripherals 4 Staff pool vehicles 5 Library books Sub-Total of B C Capital works in progress Sub-Total of C Grand Total Previous Year Director
Schedule-7
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, __________
Investments (At cost)
Particulars 31.03.___ 31.03.____ Long Term Rs. Rs. Fixed Deposits with Bonds
Total 0 0 Director
Schedule-8
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Current Assets, Loans, Advances etc.
Particulars 31.03.____ 31.03.____ Rs. Rs. A. Current Assets: i) Inventories: Civil and Capital Materials (At Cost)
ii) Cash Balances On Hand iii) Bank Balances a) In Current account with
Sub-Total (a) b) In Saving account with Sub-Total (b) Sub-Total (a)+(b) c) In Call/Term Deposit account with Sub-Total (c) Sub-Total - III (a+b+c) Total (I+II+III) Schedule-8
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Current Assets, Loans, Advances etc.
Particulars 31.03.___ 31.03.___ Rs. Rs. B. Loan, Advances and Other Assets: i. Loans: a. Secured Sub-Total of (a) b. Unsecured Sub-Total (i) ii. Advances: Sub-Total (ii) Sub-Total (III) Total of B (I+II+III) Total of A+B Schedule-9
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the balance Sheet as at 31st March, ____________
Income and Expenditure Account
Particulars 31.03.___ 31.03.___ Rs. Rs. Balance as on 01.04.________ Less: Met from NID's own Income Add: Current year's deficit (Plan Recurring) Less: Current year's surplus (Non-Plan Recurring) Deficit carried over to Balance Sheet Director
Schedule-10
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Balance Sheet as at 31st March, ___________
Fees
Particulars 20 - 20 - Rs. Rs. Total Director
Schedule-11
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _______
Income from Project receipts/Grants(Non plan) & expenses from projects (Non Plan) 20___-20____
20- 20 20 - 20 Particulars Project Expenses Project Receipts Project Expenses Project Receipts Rs. Rs. Rs. Rs. Total Director
Schedule-12
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _________
Transfers from Grants & Contributions
Particulars 20-- -- 20-- -- Rs. Rs. Total 0 0 Director
Schedule-13
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _______
Interest earned
Particulars 20-- -- 20-- -- (Other than directly credited to earmarked funds) Rs. Rs. A) On term deposit Sub-Total (A) 0 0 B) On Saving/Current accounts C) On Loans Sub-Total ( C ) 0 0 Total of A+B+C 0 0 Director
Schedule-14
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _______
Establishment expenses
20 - 20 - Particulars Non-Plan recurring expenses Plan recurring epenses Total Total of Non-Plan and Plan recurring expenses R & D Other Total Rs. Rs. Rs. Rs. Rs. Rs. 1. Salaries, wages & allowances 2. Provident fund contribution 3. Gratuity contribution 4. Medical reim. &staff welfare Total 0 0 0 0 0 0 Director
Schedule-15
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Other administrative expenses
20 - 20 - Particulars Non-Plan recurring expenses Plan Recurring Expenses Total Total of Non-Plan and Plan recurring expenses R & D Other Total Rs. Rs. Rs. Rs. Rs. 1. Travelling expenses 2. Telephone, Telex, Postage 3. Electricity expenses 4. Maintenance: Mechanical, Electrical, Electronics 5. Vehicle maintenance & Operation charges 6. Material, Supplies Consumables etc. 7. General Expenses for Satellite Centres 8. Advertisement & Publicity expenses 9. Welfare, Campus events & Other expenses 10. Library, Journals, Periodical, Subscription etc. 11. Student Freeship & Development 12. Faculty, Staff HRD, Other Misc. expenses 13. Rates, Taxes, Cesses 14. Repairs & Maintenance 15. Insurance 16. Legal expenses & Professional fees 17. Audit fees Total 0 0 0 0 0 0 Director
Schedule-16
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of the Income and Expenditure for the year ended 31st March, _________
Amount transferred to Reserve or Specific fund
Particulars 20 - - 20 - - Rs. Rs. Total 0 0 Director
Schedule-17
[See sub-rule 1 of rule 4]
National Institute of Design, Ahmedabad
Institute of National Importance by an Act of Parliament
Schedule forming part of balance sheet and income and expenditure account for the year ended 31stMarch, _______
Notes forming part of accounts
- Significant Accounting Policies:
- Accounting Convention: The Financial statements are prepared on the basis of historical cost convention, unless otherwise stated and on the accrual method of accounting except for interest income and liability towards privileged leave.
- Investments: Long Term Investments are stated at cost.
- Fixed Assets: Fixed Assets are stated at the cost. The cost includes invoice value, freight, octroi, and other incidental expenses relating acquisition.
- Government Grants: i. Government grants are accounted on the basis of sanction from Government Department.
- Government grant to the extent utilised towards capital expenditure, are transferred to the Capital Fund.
iii. Government grants for meeting Revenue expenditure are treated as income of the year to the extent of expenditure incurred.
- Utilized grants are carried forward and exhibited as a Liability in the balance Sheet
- Foreign Currency Transaction: Transaction denominated in foreign currency are accounted for at the exchange rate prevailing on the date of transaction. The bank balance held in foreign currency is converted into Rupee at RBI rate prevailing on the closing day of the financial year.
- Current Assets, Loans And Advances: In the opinion of the management, the current assets, loans and advances have a value on realization in the ordinary course of business, equal at least to the aggregate amount shown in the Balance Sheet.
- Income Tax: The income of the Institute is exempt under Income-tax Act 1961. No provision for Income Tax is therefore made in the accounts.
- Retirement/terminal Benefit: Terminal leave encashment benefit to the employees is accounted for on cash basis. Gratuity is charged to Income & Expenditure A/c on the basis Actuarial valuation and the same is contributed to the NID Employees' Gratuity Fund.
- Contingent Liabilities Rs. __________ (Previous year Rs. _____________ )
- Estimated amount of contract remaining to be executed on capital account and not provided for Rs. ___________ Previous year Rs. _______________ )
- Deficit for the year _____________ of Rs. _________________ For the year _____________ Rs. ________________ ) has been debited to misc. exps, as there is no specific government. grant received for the same during the year.
- Corresponding figures for the previous year have been regrouped/rearranged where ever necessary.
- Figures in the Final accounts have been rounded off to the nearest rupee.
Place : ____________________
Date: _____________________
est rupee.
Place : ____________________
Date: _____________________