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