The Powers and Duties of its officers and employees

Right to information act

The Powers and Duties of its officers and employees 

STEEL AUTHORITY OF INDIA LIMITED
BOKARO STEEL PLANT
BOKARO STEEL CITY
OFFICE ORDER
No. 178(B)/DOP                                                                                                                                Date: 28.04.2005
Ref. No:S-26(1)/2003-1798
Sub:- Delegation Of Power To Direct Reporting Officer To Managing Director
(Ref. 119/DoP dt.2.3.1991,137/DoP dt. 25.5.1995, 159/DoP dt. 3.1.2001, 162/DoP dt. 12.5.2001, and 175/DoP dt. 31.5.2004 )
1. In pursuance of powers delegated to him by SAIL Board, the Managing Director has delegated administrative and financial powers to the various DROs to him as per details given in the Annexure.
2. The exercise of the powers shall be subject to budget provision, provisions of the Companies Act 1956 as amended from time to time, the Memorandum and Articles of Association of the Company, the canons of financial propriety, the rules in force and the general policy as may be laid down from time to time.
3. Budget provision should be ensured in all cases where financial commitments are involved. However, in unavoidable cases, proposal if any, is approved without the budget provision, it should be ensured that the same is included in the revised budget.
4. The DROs are authorized to sub-delegate, with the Concurrence of Finance, such of their powers (except where sub-delegation is not permitted) to their subordinates as may be considered expedient to ensure smooth and quick execution of their functional responsibilities.
5. The officers to whom the powers have been sub-delegated, while according approval shall exercise all checks and caution as a man of ordinary prudence is expected to do whilst spending his own money.
6. The above officers, in cases, where they feel necessary shall take the advice of the Law Department before finalising any contract, purchase order etc.
7. This order supersedes all previous orders with regard to delegation of powers to DROs to MD.
8. Delegation of Powers will be operative as per stipulation in PP-2000 including amendment from time to time
  This issues with the Concurrence of Finance