TS Appointment of the Board of Directors of Rajiv Swagruha Corporation as per G.O.Ms.No 1

Telangana Housing Department TRSCL Appointment of the Board of Directors of Telangana Rajiv Swagruha Corporation Limited- Order as per G.O.Ms.No 1, Dated: 27-01-2018.

1. G.O.Rt.No.223, Industries and Commerce (SR) Department Dated: 30.05.2014.
2. G.O.Ms.No.4, Housing (VC) Department, Dated:20.01.2016.
3. G.O.Ms.No.10, Housing (VC) Department, Dated:28.08.2017.
4. From the MD., TRSCL, Hyd. R.C.No.115/ TRSCL / F&A/2016,Dated:13.10.2017, 12.01.2018.

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 have  appointed    the first Board of Directors of Telangana Rajiv Swagruha Corporation Limited in the G.O. 3rd  read above.

In the letters 4th  read above, the Managing Director, Telangana Rajiv Swagruha Corporation Limited has stated that as per the list of disqualified directors placed on the portal of Ministry of Corporate Affairs the Principal Secretary to Government, Finance (FP) Department and Secretary to Government, Municipal Administration and Urban Development Department  stands disqualified to act as directors pursuant to provisions of Section 164 (2) of the Companies Act, 2013. Hence, the MD., TRSCL has requested the Government for appointment of new Directors in place of the above Directors disqualified to hold the post of Director as per Companies Act, 2013, to enable TRSCL to function as a separate entity.

After careful examination of the matter, Government hereby reconstitute the Board of Directors of Telangana Rajiv Swagruha Corporation Limited , with the following ex-officio Chairman and  Directors namely :-

1. Special Chief  Secretary to Government, Housing Department - Chairman
2. Secretary to Government, Finance  Department - Director
3. Special Chief Secretary to Government, Revenue Department - Director
4. Managing Director, Telangana State Housing Corporation Ltd., Hyderabad - Director
5. Commissioner & Director, Municipal Administration, Hyderabad - Director
6. Managing Director, Telangana Rajiv Swagruha Corporation Ltd., Hyderabad - Director
7. Voice- 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 terms 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. 1st  read above.

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