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NATIONAL CADET CORPS
ALUMNI ASSOCIATION
एकता और अनुशासन
Millet Initiative G20 India Azadi Ka Amrit Mahotsav NCC All Units

Finances

Finances

" Corpus and Funding Policy "

The corpus will be generated from the internal accruals of NCCAA. However, in future, if decision is taken to fund NCCAA through budgetary allocations, provisions of the Ministry of Finance (Department of Expenditure) O.M. No. 8 (4) E-Coord/84 dated 15.10.1984 or any future amendment from time to time will be made applicable to NCCAA. Also, provisions under Rule 229 (viii) of GFR 2017 and any instructions thereof will be suitably incorporated in the SoP.

Sources of Income

The source of funds of NCCAA include, but are not limited to as follows: -

  • Membership fees from members of NCCAA.
  • Grants, donation etc, received by NCCAA from registered members.
  • Fees for attending Annual Event cum Reunion and other functions.
  • Income from investments.
  • In a manner permitted by Law and approved by Governing Council.
Principle of Fund Management

Funds for NCCAA will be received only at the NCCAA Head Office at Delhi. A separate account will be opened accordingly and duly audited from time to time.

Limits of Incurring Expenditure

All expenses incurred out of NCCAA funds shall be strictly in accordance with the annual budget duly approved by the Governing Council for the furtherance of the aims and objective of NCCAA. Any unforeseen expenditure considered expedient, but not budgeted, shall be subjected to the following financial limits: -

  • Treasurer may incur contingent expenses up to Rs 2500/- per transaction subject to an annual limit of Rs 50,000/-.
  • Secretary may incur contingent expenses up to Rs 5000/- per transaction subject to an annual limit of Rs. 1,00,000/-.
  • The Executive Committee may approve expenditure up to Rs 5,00,000/- per transaction subject to an annual limit of Rs 50,00,000/-.
  • Any upward/downward revision in the above-mentioned financial limits of Working Committee of State Directorate and Executive Committee will be made with the approval of the Governing Council.
  • All expenses for cultural and other functions shall be as far as possible paid out of contributions from the participants and or revenue raised specially for the occasion.
Scope of Activities

The projects which can be undertaken through NCCAA for any activity approved/ratified by Governing Council in furtherance of its goals and objectives will inter alia include:

  1. To promote and provide support to NCC cadets in sports and adventure activities, training activities, preparation of Competitive examinations, Skill development etc.
  2. To promote and support Social Service and Community Development activities like Water conservation schemes, Afforestation activities, Creation of environmental parks, use of renewable sources of energy, Rain water harvesting projects, Cleanliness and sanitation drives etc.
  3. To encourage and support Women Empowerment schemes.
  4. Felicitation of a Distinguished Alumni.
  5. Any other work, with the approval/ratification of the Governing Council.
Modalities of Execution of Projects
1. Financial Powers
  1. A project with expenditure up to Rs 5 Lakh will be approved by Executive Committee.
  2. A project with expenditure above Rs 5 Lakh will be recommended by Executive Committee and will be forwarded to Governing Council for approval.
2. Procedure for Execution of Projects
  1. The procedure adopted for execution of projects will be based on guidelines as given in General Financial Rules (GFR 2017) and amendments thereof.
  2. A project limited to purchase of equipment / items, both expendable and non-expendable, will be undertaken through GeM portal or Central Public Procurement Portal.
  3. A project, the execution of which involves complete solution including hiring of manpower, purchase of assets etc will be based on open tender and selection will be Quality and Cost Based Selection (QCBS).
Disposal of Income

The income and property of the NCCAA shall be applied solely towards the promotion of the objects set forth in the Memorandum of Association/Rules and Regulations of the NCCAA, and no part thereof shall be paid or transferred directly or indirectly to the member of NCCAA.

Book of Accounts, Audit and Financial Year


Book of Account

The Executive Committee shall make such arrangements as necessary for the proper keeping of books and accounts of NCCAA. Accounts shall be kept of all sums of money received and expended by NCCAA, and of the assets, credits and liabilities of NCCAA.

Financial Year

The financial year of NCCAA shall be from first day of April until the last day of March following.

Operation of Bank Account

The account of NCCAA will be opened in a Nationalized Bank, operated jointly by the Secretary and Treasurer.

Accounting of NCCAA Funds
  1. The NCCAA funds will be utilized for projects as mentioned in Para 29 of the Rules and Regulations.
  2. A certificate will be furnished by the project executing agency and NCCAA Executive Committee that the project has been completed with the funds provided by NCCAA and no other agency.
  3. No amount will be transferred from NCCAA fund to any other fund (Public or Regimental), as loan or permanent transfer.
Audit of Accounts
1. Audit Committee

Internal audit of accounts shall be carried out by an Audit Committee with representative of MoD (Fin) as Chairman and consisting of two or more life members, once every six months, under arrangements made by the Secretary. The nomination of life members carrying out internal audit will be approved by Executive Committee. The life members carrying out internal audit, will not be repeated in a period of five years.

2. Annual Audit

Once every year the accounts of NCCAA shall be examined and the correctness of the Income and Expenditure account and Balance Sheet ascertained by an Auditor or Auditors duly appointed by the Executive Committee for the purpose.

3. Criteria for Selection of Auditor / Audit Firm
  1. The firm/auditor should be empanelled with the C&AG in the panel of audit firms eligible for major audits.
  2. The firm should be Independent of the NCCAA.
  3. A certificate upfront to be given by the firm specifying that no partner of the audit firm or any person directly/indirectly is related to any member of Governing Council/Executive Committee/State Working Committee. Relative would mean husband, wife, brother, or sister or any lineal ascendant or descendant.
4. Publication of Accounts

The accounts of NCCAA along with the report of the auditors on approval of Governing Council shall be regularly published in the DGNCC Website in Alumni Column for the information of life members.

Dissolution

If the association needs to be dissolved, it shall be dissolved as per the provisions laid down under sections 13 and 14 of the Societies Registration Act of 1860 as applicable to Delhi.

Amendments

Powers for making amendments in the aim and objectives of the association and Rules and Regulations of the association will be with that of the Governing Council and interpretation pertaining to rules of the association given by the Governing Council will be final and binding on all stakeholders.

Events

Events such as Reunion, Seminar, etc will be organized at both National and State level as per yearly calendar approved by the Governing Council which will be published on DG NCC website. These may be attended by registered members of NCCAA on payment of prescribed fees. The attendance to the event will be voluntary. The arrangement of accommodation and transport will have to be done by members/attendees themselves unless otherwise specified.

Registration


The NCC Alumni Association will be registered as per ‘The Societies Registration Act 1860’.

Notwithstanding the provisions contained in the aforesaid articles, all the provisions under all the sections of the Societies Registration Act, 1860 (Act 21 of 1860) as applicable to the State of Delhi shall apply to NCC Alumni Association.

Arbitration

Any dispute arising shall be restricted within the jurisdiction of NCT of Delhi. Competent Courts in New Delhi will have non-exclusive jurisdiction to settle any dispute which may arise out of, under or in connection with the terms and conditions.

Certification

Certification that above is correct copy of Rules and Regulations of NCC Alumni Association.