De-registration/Suspension of the firm:
(i) De-registration:
A show cause notice will be issued to the firm when it is observed that firm's performance is unsatisfactory or when firm is involved in unethical trade practices. Firm's case will be processed for de-registration, if firm's reply is not found to be satisfactory. Orders for de-registration will be communicated to the firm in Standard Format No.10 .
(ii) Suspension:
Many firms are found to be functioning unbusiness like or indulge in unethical practices . As per vigilance directives business with these forms will be immediately suspended. The case will then be handed over to nominated investigating officer from Stores or other agencies. Based on the findings of Re-investigation, recommendation for stoppage or suspension of dealings or deregistration and the period of penalty proposed to be imposed. These recommendations will be acted upon and a show-cause notice shall be issued to the firm clearly indicating the charges framed and the firm will be given 2-3 weeks time for reply. The decision will be communicated to the firm and the case will be confidentially reported to Railway Board and Vigilance branch for information.
Controller Of Stores decision will be final and after completion of penalty period revocation of the registration will be automatic . However if 3 year period has elapsed between registration/renewal and date of completion of imposed penalty, renewal process will commence.
