Telangana State Civil Supplies Corporation Limited
GOVERNMENT OF TELANGANA
CAF&CS DEPT - Creation of a separate entity consequent
to the Andhra Pradesh State Reorganization Act, 2014 in the name and style of
“Telangana State Civil Supplies
Corporation Limited” to serve the
people in distribution of essential
commodities, procurement of paddy under MSP and procurement of levy rice in
Telangana State - Permission – Accorded – Orders – Issued.
CONSUMER AFFAIRS, FOOD AND CIVIL SUPPLIES (CS-I) DEPARTMENT
G.O.Ms.No.13
Dated: 01.11.2014
Read
the following:-
1. From the
Vice-Chairman & Managing Director, APSCSC Limited, Letter No.Accts/2268/2014(B), dt. 10.06.2014.
2.Govt.
Memo No.30/CS-I-CRP/2014, dt. 1.08.2014
of CAF&CS Dept
3.From the
Vice-Chairman & Managing Director, APSCSC Limited, Letter
No.Accts/2268/2014(B), dt. 11.08.2014.
4.Govt
Letter No. 6899/IP&INF/SRC/2014, dt. 26.7.2014 of Industries & Commerce Department.
5.G.O.Rt.No.
1040, Finance (OP.I) Dept., dt. 27.10.2014.
O R D E R:
In the reference 3rd read above, the Vice-Chairman &
Managing Director, A.P. State Civil Supplies Corporation Limited, Hyderabad has
proposed to incorporate a Company under the Companies Act, 2013 as a Public
Limited Company in the Name and style of “Telangana State Civil Supplies
Corporation Limited” (or) Telangana Civil Supplies Corporation Limited
(or) Telangana State Essential Commodities Corporation Limited (based on the
availability of name with the Registrar of Companies, new Corporation will be
registered). He has further stated that
as per the provisions of Companies Act, 2013, for incorporation of a Public
Limited Company at least Seven (7) subscribers/shareholders are required for
subscribing the Memorandum/Articles
of Association(MoA/AoA) and a minimum of (3) initial directors are
required for incorporation of new Corporation. Further proposed to have Rs. 5.00
crores (50,000 Equity Shares with a face value of Rs.1,000 each ) as Authorized Capital and
Rs.10.00 Lakhs (1000 Equity Shares of
Rs.1,000/- each ) as Paid-up Capital of the Corporation.
2. The VC
& MD, APSCSC Limited, Hyderabad has therefore requested the Government to
issue necessary guidelines and directions and authorize Vice-Chairman
& Managing Director to do all acts
and deeds as may be required for incorporation of the above Corporation.
3. Government,
after careful examination of the matter and keeping in view the instructions
issued in the reference 4th read above for creation of Public Sector mirror entities of Telangana State
organization as per the Cabinet
Resolution, dated:16.07.2014, duly apportioning the assets, liabilities
and employees (provisionally), as per draft de-merger plan, hereby nominate the
following as first Directors /Subscribers to incorporate the new entity in the name and style of “Telangana State Civil Supplies Corporation
Limited” or Telangana Civil Supplies Corporation Limited
or Telangana State Essential Commodities Corporation Limited (based on the
availability of name with the Registrar of Companies, new Corporation will be
registered) Government also accord permission is also accorded to file necessary
documents to the Registrar of Companies as required under Companies Act, 2013.
(A) DIRECTORS :
1. Sri C.
Partha Sarathi , IAS.,
Commissioner, Civil Supplies & E.O. Secretary to
Government, CAF&CS Dept.
2. Sri V. Anil Kumar, IAS,
Vice-Chairman &Managing Director, APSCSCL (Telangana
unit)
3. Sri Ch.V.
Sai Prasad,
Joint Secretary to Government, Finance Dept.
(B) SUBSCRIBERS/
SHARE HOLDERS :
1.Sri C.
Partha Sarathi , IAS.,
CCS&EO Secretary to Government, CAF&CS Dept.
2.Sri V. Anil Kumar, IAS,
Vice-Chairman &Managing Director, APSCSCL (Telangana
unit)
3.Sri Ch.V.
Sai Prasad,
Joint Secretary to Government, Finance Dept.
4.Sri
S.Pulla Rao,
Asst. Secretary to Govt, CAF&CS Dept.
5.Sri P. Kaladhar Rao,
General Manager(Mktg & PDS), APSCSCL(telangana unit).
6.Sri A. Durga Prasad,
General
Manager(Fin & Admn), APSCSCL(telangana unit).
7.Sri G. Sri Ram,
Joint Director. o/o CCS, Hyderabad.
(the names
mentioned at Sl.No.2–7 shall hold One Equity Share of Rs.1000/-
each)
4. The Vice
Chairman & Managing Director, AP
State Civil Supplies Corporation Ltd
(Telangana Unit) is also permitted to incorporate the new entity in the name and style of
“Telangana State Civil Supplies
Corporation Limited” or Telangana Civil Supplies Corporation Limited
or Telangana State Essential Commodities Corporation Limited (based on the
availability of name with the Registrar of Companies, new Corporation will be
registered) by filing necessary forms
with the Ministry of Company Affairs
(i.e., Registrar of Companies) under Companies Act, 2013 with an Authorized
Capital of Rs.5.00 Crores (50,000 Equity
Shares of Rs.1000/- each) and Rs.10.00 Lakhs (1000 Equity Shares of Rs.1000/-
each) as Paid up capital of the Corporation. Further, permission is hereby
accorded to APSCSCL (Telangana Unit) to release Rs.20.00 Lakhs towards paid up
capital contribution and any other expenses that may be incurred in this
regard and the same will be reimbursed by the Government of Telangana at a
later date.
5. The
Vice-Chairman & Managing Director, APSCSC
Limited, Hyderabad (Telangana
Unit) shall take necessary further action in the matter accordingly.
6. This
Order issues with the Concurrence of Finance (EBS.II) Department vide their U.O.
No.2264/150/A1/2014, dated:29.10.2014.
( BY ORDER
AND IN THE
NAME OF THE GOVERNOR OF
TELANGANA )
C. PARTHA SARATHI, EX-OFFICO SECRETARY TO GOVERNMENT
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