Telangana State Beverages Corporation Limited TSBCL under the Companies Act 2013


G.O.Ms.No. 4 . Dated 23.06.2014  1. G.O.Ms.No.246, Revenue (Ex.II) Dept., dated 16.05.2014. 2. From the MD, TSBCL, Lr.No.TSBCL/Secretariat/2014, Dated 03-06-2014

In the circumstances stated by the Managing Director, Telangana State  Beverages Corporation Limited, Hyderabad in the reference  and in partial modification of orders issued in the G.O. first read above, Government after careful examination hereby reconstitute the Board with the following Officers as Directors on the Board of “Telangana State Beverages Corporation Limited” under Article 12 (a) and Article 12 (b) of Ariticles of
Association (AOA), so that the re-constituted Board shall commence  functioning with immediate effect:-
1) Principal Secretary (CT & Excise), Revenue Department, Telangana State, Secretariat, Hyderabad
2) Principal Secretary to Government (FP), Fiance Department, Telangana State, Secretariat, Hyderabad
3) Commissioner of Prohibition & Excise, Government of Telangana State, Hyderabad.
4) Director of Prohibition & Excise (Enfocement), Government Telangana State.
5) Deputy Secretary, Revenue Department, Telangana State, Secretariat, Hyderabad
6) Managing Director, Telangana State Beverages Corporation Limited, Hyderabad

2. Government also authorise the following officers as new Subsribers on behalf of the Governor and to the Meomorandum of Association (MOA) of
“Telangana State Beverages Corporation Limited”, so that the Shares to the earlier subscribers shall be transferred to the new Subscribers:-
1) Principal Secretary, Revenue (CT & Excise) Department, Government of Telangana
2) The Commissioner of Prohibition and Excise, Government of Telangana, Hyderabad
3) The Director of Enforcement, Excise Department, Government of Telangana
4) The Additional Commissioner, O/o the CPE, Government of Telangana, Hyderabad
5) Deputy Secretary, Revenue Department, Telangana State, Secretariat (on behalf of the Governor)
6) Assistant Secretary to Government, Revenue (Excise) Dept., Government of Telangana
7) Section Officer, Revenue (Excise-II) Department, Government of Telangana, Secretariat, Hyderabad

3. The Managing Director, Telangana State Beverages Corporation  Limited, Hyderabad shall take necessary action in the matter accordingly

Government have GO Ms 246 dated 29 May 2004 accorded sanction to incorporate a new Corporation in the name and style of Telangana Beverages Corporation Limited (TBCL) under Companies Act 1956 with Regd. Office at 2nd Floor, Proh. & Excise Complex, 9 & 10 Eastern Block, MJ Road, Nampally, Hyderabad.

MD., APBCL, has stated that the Corporation  has applied for name availability and got confirmation from the Registrar of Companies (ROC) on 19-05-2014  on the availability of name i.e., “Telangana Beverages Corporation Limited”. The Corporation filed the prescribed forms for approval of Registrar of Companies (ROC) and while approving the forms it was observed that the Government Company cannot be registered as a private company in view of the new Companies Act, 2013.

The Managing Director, Andhra Pradesh Beverages Corporation Limited, Hyderabad has therefore requested that  “Telangana  Beverages Corporation Limited’’ may be incorporated  as a public limited  company instead of Private Limited Company  under  the Companies Act, 2013, with 3 Directors, 7 subscribers and the paid up capital of Rs. 5.00 lakhs.

Government, after careful consideration, hereby partially modify  the orders issued in G.O.Ms.No.187, Rev.(Ex.II) Dept., dt.16.05.2014 and accord sanction  to incorporate a new Corporation in the name and style of Telangana State Beverages Corporation Limited (TSBCL),  as a Public Limited Company with Regd. Office at 2nd Floor, Proh. & Excise Complex, 9 & 10 Eastern Block, MJ Road, Nampally, Hyderabad under Companies Act 2013.

The Memorandum of Association (MOA) and Articles of Association (AOA) (Revised as required to a Public Limited Company) of Telangana State Beverages Corporation Limited (TSBCL)are hereby approved and appended to this order.

The following shall be the Board of Directors to the Telangana State Beverages Corporation Limited (TSBCL)as detailed below:

1)  Principal Secretary,  Revenue (CT&Excise), A.P.

2)  Principal Secretary, Revenue (R&E), Finance Department, A.P.

3) The Commissioner of Prohibition and Excise,  A.P., Hyderabad .

The following shall be the subscriber to the MOA of the Corporation on behalf of Governor of Telangana, who will hold 494 shares  of the face value of Rs. 1,000/- each of the Corporation:

Deputy Secretary to Government, Revenue (CT&EX) Department. Governor Representative.

The following shall be the other authorised subscribers to the Memorandum of Association (MOA) of the corporation who will hold one share each (value of Rs.1,000/-), of the Corporation:

1)  Principal Secretary,  Revenue (CT&Excise) Department.

2)  The Commissioner of Prohibition and Excise,   A.P., Hyderabad.

3)  The Director Of Enforcement,  Excise Department.

4)  The Addl. Commissioner,  O/o. the CPE, A.P., 

 5)  Assistant  Secretary to Government, Rev(Ex), Govt. of A.P.

 6)  Section officer, Revenue (Ex-II) Department.

 

9.       The authorised share capital of the Corporation shall be Rs.10.00 lakhs with initial paid up capital of Rs.5.00 lakhs.

10.       The Andhra Pradesh Beverages Corporation Limited, is hereby accorded permission to release Rs.5.00 lakhs towards the Government’s share capital contribution to the new company as an advance and later those amounts shall be debited to the new company account from the amounts to be distributed between the  two corporations.

11.     The Commissioner of Prohibition & Excise A.P., Hyderabad / the Managing Director, Andhra Pradesh Beverages Corporation Limited, Hyderabad, shall take further necessary action accordingly in the matter.

Leave a comment

Your email address will not be published. Required fields are marked *