Regulatory Framework

Regulatory Frame Work

  1. AKSIC was establish in 1990.
  2. The business of the AKSIC is governed by AKSIC Act, 1993 and 1996 (Amended)
  3. Following rules are enforced:-
    • Service & Recruitment Rules, 1991.
    • Administrative Powers Rules, 1992.
    • Financial Powers Rules, 1992.
    • Pension Rules, 2016.
    • HBA Rules, 2016.
  4. Administration and Management of AKSIC vest with the Board of Members headed by the Minister Industries & Commerce Govt. of AJ&K.
  5. Board comprises 08 Members (five Members from Public Sector and three members from Private Sector nominated by the Govt. of AJ&K)