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Govt amends JK Financial Code.

The Jammu and Kashmir government on Monday amended Jammu and Kashmir Financial Code Vol-II, namely proviso 3rd of clause C-1(a) of Rule 8 in Appendix 9.

An order issued from the office of principal secretary finance department Navin K Choudhary read, “In the exercise of powers conferred by proviso to section 118 of the constitution of Jammu and Kashmir, the Governor is pleased to direct that an amendment be made in Jammu and Kashmir Financial Code Vol-II.” “Provided further that the amount of such grant or donation given to an institution, organization or individual shall not exceed Rs 1 lakh in a financial year,” the order further read.

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