Forest Development Corporation of Maharashtra Limited

CHAPTER - IV

The norms set by the Company for the discharge of function:
The Company has well defined procedures and guidelines for discharge of various functions. These are highlighted below: Delegation of powers – The Companies Act, 2013 and Memorandum & Articles of Association has delegated power to the Chairman & Managing Director of the Company who in turn delegated power to the Sectional Heads/ Officers of the Company at various levels for discharging their functions and responsibilities within the powers delegated to them. Structured Policies and Guidelines- FDCM is having well structured policies and guidelines governing major activities of the Company. While discharging the functions, the officers follow these laid down policies and guidelines. Digest: FDCM has procedural digest covering all important activities. Rules in the digest ensure carrying of activities in a systematic and standardized manner and also eliminate the scope of exercise of discretion. While discharging the functions covered by digest, the officers follow the provisions of these Manuals. Compliance of provisions of Statutes, Act etc. While discharging the respective functions, executives are required to comply with the applicable provisions of Indian Constitution, statues and rules & regulations applicable to the Company.