Shri siddharth Mishra -Chairman and Managing DirectorCommodore Siddharth Mishra (Retd) has conducive carry today, as the Chairman and Managing Director of Bharat Dynamics Limited (BDL), a Miniratna Category – 1 PSU belowneathneath the Ministry of Defence, Govt. of India. He succeeds Shri V. Udaya Bhaskar who has sole on 28 Feb 2019, on attaining superannuation. Commodore Mishra was commissioned in the Electrical Branch of Indian Navy in the year 1985. Post-retirement from Navy in Sep 2016, Commodore Mishra helpd ECIL, a Schedule A Central Public Sector Enterprise.
Prior to combination BDL, he was General Manager (Defence) at ECIL, Hyderabad.—Џ Shri V Gurudatta Prasad – Director (Production)He afunroving the table on 10th September 2015. Prior to his enactment as Director(Production), he helpd as General Manager at BDL Bhanur in the size of Unit Head. An M.Tech in Industrial Engineering & Government from JNTU, Hyderabad, he did his BE in Mechanical Engineering from Bangalore University.—Џ Shri. Ashwani Kumar Mahajan -Government Director.He afunroving the table on 8th january,2016. He belongs to the frame of 1988 IRS.
He is to-boot MBBS, LLB, LLM (International Taxation). He was appointed as Addi.FA &JS in the Ministry of Defence (Fin) on 8 Jan 2016. Shri Ashwani Kumar Mahajan is appointed as Government Nominee Director on the Table of BDL w.e.f. 9 March 2016.—Џ Shri N P Divakar -Director (Technical) N P Diwakar, is the Director (Technical) of Bharat Dynamics Limited, a Miniratna Category – 1 Public Sector Undertaking belowneathneath the Ministry of Defence, Govt. of India. A Mechanical Engineer from Osmania University, Shri Diwakar holds a requirely proof, spanning neutralize 28 years, in frequent areas of Missile Production. Prior to his new enactment, Shri Diwakar has helpd as Executive Director in Bhanur Unit of BDL where he has played a key role in establishing standards set for the evolution of Konkurs ” M & Invar Anti -Tank Guided Missiles and Unified Launchers ensuring protected operations delay an external of reaching set targets—Џ Shri S Piramanayagam -Director (Finance) & CFO He afunroving the table on 1st January 2015. He is a Science Graduate and an Associate Limb of the Institute of Chartered Accountants of India. Prior to combination BDL as Director (Finance), he is-sueed as General Manager handling finance functions of Rail & Metro Business perpendicular of M/s. BEML Limited.—Џ Smt Sushama V Dabak – Independent DirectorShe afunroving the table on 1st December, 2015. She Afunroving Indian Audit & Accounts Service (IA&AS) in 1981 and held frequent posts including Principal Accountant General, Haryana, Accountant General, Rajasthan and Maharashtra. She did her MA in Economics, LLB and Diploma in Financial Government from University of Mumbai. She has Audit proof of all three tiers of Government viz Central, State and Local and irrelative forms of Government organisations viz GovernmentCompanies, Autonomous Bodies and Local Bodies envelope frequent sectors of the rule. —Џ Prof. Ajay Pandey -Independent DirectorHe afunroving the table on 1st December,2015. He is runningly delay IIM, Ahmedabad as Professor of Finance& Accounting. He graduated as an Industrial Engineer from University of Roorkee. He has been a consultant to the Government, Regulators and PSUs on infrastructure kindred issues. He has to-boot been confused in academic administration as Chair, Post-Graduate Program (PGP), Dean [Faculty), Dean [Programs) and Director-incarry at IIM, Ahmedabad.—Џ Shri. Ajay Nath -Independent DirectorHe afunroving the table on 13th September,2017. He is a limb of the Indian Administrative Service (IAS) of the 1982 frame accompanying to the Madhya Pradesh Cadre. He holds a bachelor and masters’ step in Economics from the University of Delhi. He has is-sueed as Principal Secretary and later as Additional Chief Secretary in the Finance Department of the Government of Madhya Pradesh from September 2011 to September 2015.—Џ Shri K S Sampath -Independent DirectorHe afunroving the table on 13th September, 2017. He is a Chartered Accountant in deed, having 32 years of authoritative scylla in Income Tax, Corporate Laws, Banking (Treasury, Forex including Due Diligence of Foreign Banks), Insurance and specialisation in seemly Corporate Governance.—Џ Smt. Latha Narasimha murthy -Independent Director She afunroving the table on 13th September,2017. She is runningly the Managing Partner of Melange Prime Properties and Managing Partner at Toy Patnam. She has completed the MIT Global Entrepreneurship Boot bivouac and has been awarded certification on New Ventures Leadership from the Massachusetts Institute of Technology. She holds a post-graduate step in Public Policy from the Takshashila Institution. Sections of Finance Removal In BDL Finance removal of BDL is operated belowneathneath forthcoming exceptions:® Capital Section® Payroll Section.® Books Section.® Finance Section.® Bills payable Section.® Bills receivable Section.® Inner Audit Section.® Representative Accounts and Costing Section.® Audit Section.CASH SECTION:This exception is binding for all returns and acquittals of capital/cheques and other instruments; it oceantains capital/bank books.PAYROLL SECTION :This exception deals delay salaries and compensation of executives and non-executives and stipends of trainees and apprentices. This exception to-boot deals delay bills of daily rated employees (contingent is-sueers).BILLS PAYABLE SECTION :This exception deals delay acquittals to suppliers. This exception is binding for® Acquittal & representationing of advances.® Acquittal & representationing of last bills.® Adjustment & repossession of advances.® Deduction/repossession and acquittal of statutory liabilities.BILLS RECIEVABLE SECTION :This exception is binding for making-ready and patience of invoice to customer. Also,® Scrutiny of sales nod.® Making-ready of invoices.® Amity of customer representations.® Accounting for sales and returns thereon.® Accounting of frequent returns from employers, township, hostels shopping compound, auxiliary sheds, canteen etc..,COSTING & MATERIAL ACCOUNTING SECTION :The ocean functions of this exception include:® Valuation of representative decline and all other types of issues.® Maintenance of representative action ledger (MTL) & require ledger.® Valuation of Inhouse fabricated components.® Quantity amity of bin card neutralize delay MTL.® Resolution of require variations.® Assisting in judgment making inveterate on requires confused.® Scrutiny of tardy, non-moving overflowing inventories. FINANCE SECTION : The ocean functions of this exception include:® Certification of availability of funds twain for chief and fruits payment delay relation to approved chief budget and deed budget for year.® Fixing of divulsion for ground abandoned to employees/others.® Fixation of repossession rates in regard of services rendered, supply made division of sodality effects.® Generally, proposals in regard of forthcoming items are careful in finance exceptions.® Aim of chief items/ representatives/ stores & spares/ tools and other services. All cases relative-to to rest of rules.® Contracts entered into delay suppliers/collaborators/ sub-contractors.® Sale, lease (or) imbecility of sodality possessions, scheme ment etc.INTERNAL AUDIT SECTION :The inner audit exception has been formed to help the government in financial and other operations the functions of inner audit are as follows:® Carry out the plan study/ retrospect. It involves in-depth testimony of frequent elements, sub plans, progresss etc.,® Compliance audit(procedure, rules & statutory regulations)® Action audit. It involves verifying seal and attesting correction of entries in action/documents/ seal and checking of warrant & representationing cast approve representation leader no, is-sue adjust no. etc.® Physical fact of effects(unroving effects, stores, capital vehicles etc..,® Conduct pre audit checks. It includes last settlements of contractors, supplier, and pay fixation & pay informality cases of all employees / officers.Financial Accounting plans of BDL—Џ General Accounts—Џ Require and Representative representationing—Џ Unroving assests and Chief is-sue n course—Џ Budgeting.2. Introduction to Financial proposition Resolution Financial proposition resolution is the course of analyzing a sodality’s financial propositions for judgment-making aims and to belowneathstand the neutralizeall bloom of an structure. Financial propositions chronicles financial facts, which must be evaluated through financial proposition resolution to beseem further helpful to investors, shareholders, managers, and other ardent parties. The aim of financial proposition resolution is to weigh departed and curdivulsion financial facts so that a sodality’s deed and financial position can be