Corporate
Affairs Minister Shri Sachin Pilot took a meeting of the Official Liquidators
(OLs) attached with different High Courts here yesterday to take stock of their
work relating to dissolution and winding up of companies.
It
was observed that there were 4,988 companies awaiting dissolution in various
High Courts out of which 1,046 companies are pending dissolution for more than
20 years. There were 728 companies which had no assets – the Minister directed
that rapid progress must be made in the next three months in respect of these
companies. Similarly, the Minister further directed that the sum of Rs 3,270
crore, realized by selling off the assets of defunct companies and lying with
the banks at different places should be expeditiously distributed amongst all
the claimants including workers, creditors and other stakeholders.
The
Minister pointed out that OLs have a very important role to play in improving
the overall industrial and investment climate of the country. Delay in winding
up of companies and distribution of dues to claimants not only discourages
further investment in the industrial sector domestically but also sends
negative signals to investors abroad. He assured all help from the Ministry for
providing skilled manpower, technical upgradation and capacity building of
personnel assisting official liquidators for adoption of newer techniques like
e-Governance and e-Auctions.
The
Minister also emphasised the need for early finalization of a Manual to
standardize work methods and to lay down uniform standard operating procedures.
The Manual will also determine norms of efficient functioning and set timelines
for various activities performed by OLs. The Minister also announced that in
order to improve the functional skills of the officials dealing with
liquidation proceedings, special training capsules will be organized at the
Indian Institute of Corporate Affairs, New Delhi.
0 comments:
Post a Comment