Telangana Rajiv Swagruha Corporation Limited


Government  of India have enacted the Andhra Pradesh Reorganization Act,2014.  As per Article 3, on the appointed date i.e., 2.6.2014,  there shall be formed a new State be known as State of Telangana consisting of (10) districts, as notified and the residual  State of Andhra Pradesh shall consist of the remaining (13) districts.

Government  of India have enacted the Andhra Pradesh Reorganization Act,2014.  As per Article 3, on the appointed date i.e., 2.6.2014,  there shall be formed a new State be known as State of Telangana consisting of (10) districts, as notified and the residual  State of Andhra Pradesh shall consist of the remaining (13) districts.

As per Section 68(1) of A.P Reorganization Act,2014, the companies and corporations specified in the Ninth Schedule constituted for the existing State of Andhra Pradesh shall, on  and from the appointed day, continue to function in those areas in respect of which they were functioning immediately before that day.  The A.P. Rajiv Swagruha Corporation Limited is listed under IX Scheduled at 29th  item of the A.P Reorganization Act,2014.  As per part VII of the said Act, from the appointed day i.e., on 2nd June, 2014, all assets, right and liabilities of the Corporation are to be apportioned between the two successor states In the manner prescribed in the Act.

Government have accorded permission to the MD., TRSCL to register a new company by the name of “ Telangana Rajiv Swagruha Corporation Ltd.” along with separate bye-laws and service rules for creation of the Mirror entities of Telangana State.

Keeping in view of the orders issued in the G.O.  and also in exercise of the powers conferred under Article 30 of the Memorandum of Association and Articles of Association of Telangana Rajiv Swagruha Corporation Limited, the Government hereby appoint    the first Board of Directors of Telangana Rajiv Swagruha Corporation Limited, with the following ex-officio Chairman and  Directors namely :-

Sl.No.

(1)

Designation

(2)

Chairman/Director

(3)

(1) Special Chief  Secretary to Government, Housing Department             Chairman
(2) Principal Secretary to Government, Finance (FP) Department Director
(3) Special Chief Secretary to Government., Revenue Department Director
(4) Managing Director, Telangana State Housing Corporation Ltd., Hyderabad Director
(5) Secretary to Government, Municipal Administration and Urban Development Department Director

 

(6) Managing Director, Telangana Rajiv Swagruha Corporation Ltd., Hyderabad Director
(7) Vice- Chairman and Housing Commissioner, Telangana Housing Board, Hyderabad Director

The Chairman/Directors are entitled to draw perks, DA, TA etc., applicable under rules and instructions issued by the Government in Public Enterprises Department from time to time.

The termss and conditions of appointment of Chairman and Directors of Telangana Rajiv Swagruha Corporation Limited., shall be governed by the Public Enterprises Department guidelines issued from time to time and by the Memorandum and Articles of the Association of the Company.

The Managing Director, Telangana  Rajiv Swagruha Corporation Limited, Hyderabad shall take necessary further action accordingly under the provisions  of Companies Act to give effect to the above, in accordance with the A.P. Re-organization Act, 2014 and G.O.

Government  of India have enacted the Andhra Pradesh Reorganization Act,2014.  As per Article 3, on the appointed date i.e., 2.6.2014,  there shall be formed a new State be known as State of Telangana consisting of (10) districts, as notified and the residual  State of Andhra Pradesh shall consist of the remaining (13) districts.

Government have accorded permission to the MD., TRSCL to register a new company by the name of “ Telangana Rajiv Swagruha Corporation Ltd.” along with separate bye-laws and service rules for creation of the Mirror entities of Telangana State.

In pursuance of the orders issued in the the Managing Director, Telangana Rajiv Swagruha Corporation Ltd., Hyd. have furnished the proposals for subscription of shares from Government along with Memorandum Association and Articles of Association.

After careful examination of the matter, Government hereby approved the Memorandum of Association and Article of Association furnished by the Managing Director, Telangana Rajiv Swagruha Corporation Ltd. in the letter , and also accorded permission for subscription of shares and its pattern in “ Telangana Rajiv Swagruha Corporation Limited” is as follows:

S.No. Name of Subscriber No. of Shares taken by each Subscriber Each Share value @Rs. Total
1 Special Chief Secretary to Govt., Housing Department 49,988 10 4,99,880
2 Principal Secretary to Govt., Finance (FP) Department 2 10 20
 3 Special Chief Secretary to Govt., Revenue Department 2 10 20
4 Managing Director, Telangana State Housing Corporation Ltd., Hyd. 2 10 20
5 Secretary to Govt., MA&UD Department 2 10 20
6 Managing Director, Telangana Rajiv Swagruha Corporation Ltd., Hyd. 2 10 20
7 Vice- Chairman and Housing Commissioner, Telangana Housing Board, Hyderabad 2 10 20
5,000 shares 5,00,000

The Managing Director, Telangana Rajiv Swagruha Corporation Limited, Hyderabad is requested to take necessary further  action to  give effect to the above orders, under Companies Act., relevant regulations, in accordance with the A.P.  Re-organization Act, 2014 and .

As per Section 68(1) of A.P Reorganization Act,2014, the companies and corporations specified in the Ninth Schedule constituted for the existing State of Andhra Pradesh shall, on  and from the appointed day, continue to function in those areas in respect of which they were functioning immediately before that day.  The A.P. Rajiv Swagruha Corporation Limited is listed under IX Scheduled at 29th  item of the A.P Reorganization Act,2014.  As per part VII of the said Act, from the appointed day i.e., on 2nd June, 2014, all assets, right and liabilities of the Corporation are to be apportioned between the two successor states In the manner prescribed in the Act.

while forwarding the original demerger proposal, Industries & Commerce (IP&INF) Department have informed that Expert Committee have approved the final demerger proposal of Rajiv Swagruha Corporation Ltd. and requested to take further action in the matter.

In the circumstances reported by the Managing Director, Andhra Pradesh Rajiv Swagruha Corporation Limited, Telangana Wing, Hyderabad vide reference 4th read above, the Government after careful examination of the matter, hereby accord permission to the Managing Director, APRSCL, Telangana Wing, Hyderabad to register a new Company by the name of  “Telangana Rajiv Swagruha Corporation  Limited” along with separate bye-laws and service rules for the above Creation of Mirror entities of  Telangana State.

The Managing Director, APRSCL, Telangana Wing, Hyderabad is requested to take necessary further action accordingly in the matter.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA)

  1. G.O.Ms.No.24, Housing (HB.I) Department, Dated:27.07.2007.
  2. A.P. Re-organization Act 2014
  3. G.O.Rt.No.223, Industries and Commerce (SR) Dept,     dated:30.05.2014.
  1. From the M.D., APRSCL (TS) Letter No.2959/HRW/TRSCL/ 2014, Dt:28.11.2014 and Dt:30.04.2015.
  1. From the Industries&Commerce (IP&INF) Department U.O.Note No.8406/IP&INF/SRC/A2/2015, dt:09.12.2015.

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