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At the time of induction of CISF in an undertaking, the concerned undertaking is required to deposit
Explanation
According to the administrative and financial guidelines of the Central Industrial Security Force (CISF) and the Ministry of Home Affairs (MHA), when CISF is inducted into an undertaking (particularly in the private or joint sector), the concerned management is required to provide a security deposit. This deposit must be an amount equivalent to three months' estimated cost or monthly billing of the CISF personnel deployed. This serves as a financial safeguard to ensure the recovery of costs related to salaries, allowances, and administrative expenses. While Public Sector Undertakings (PSUs) also operate on a cost-recovery basis, the specific requirement for a multi-month advance deposit is a standard procedural mandate to prevent defaults in payment by the undertaking.
SIMILAR QUESTIONS
CISF is inducted in an undertaking after the approval of MHA and :
The first industrial undertaking where CISF was inducted was
Which one of the following statements is not correct?
Broadly speaking, the role and responsibility of CISF deployed at an industrial undertaking would consist of which of the following ?
As per the CISF Act, 1968, which of the following is not correct as far as the procedure to be followed after arrest by CISF is concerned ?