Latest news with #CompanyAct


Hindustan Times
04-07-2025
- Business
- Hindustan Times
UP CM's nod to service corporation for hiring outsourced staff
Chief minister Yogi Adityanath on Thursday approved the establishment of the Uttar Pradesh Outsource Service Corporation (UPCOS)—a dedicated body aimed at bringing transparency, stability and trust in the employment of outsourced staff in state government departments. Uttar Pradesh CM Yogi Adityanath (File) Reservation provisions for Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBCs), economically weaker sections (EWS), women, Divyangjan and ex-servicemen will be followed in all appointments made by the proposed corporation. The corporation will give priority to destitute, divorced and abandoned women. The establishment of UPCOS is being termed as a landmark decision of the Yogi government to safeguard labour rights, remuneration, and social security of lakhs of outsourced personnel across Uttar Pradesh. With the establishment of UPCOS the BJP government aims to counter the opposition tirade about denial of employment opportunities for OBCs, SCs and STs in the recruitment of outsourced staff in various departments. In the 2024 Lok Sabha election, the Opposition had raised the issue to corner the state government. The NDA allies, including the Apna Dal (S), Suheldev Bharatiya Samaj Party and the NISHAD party, had also sought reservation in the recruitment of outsourced workers. At a high-level meeting on Thursday, the chief minister issued directives to senior officials regarding the proposed corporation's structure, functioning, and scope. He emphasized that the state government is fully committed to upholding the dignity, rights and socio-economic interests of outsourced workers. Highlighting the flaws in the current decentralised outsourcing system—such as delayed payments, unauthorised deductions, denial of EPF/ESI benefits, and lack of transparency—the chief minister stressed the urgent need for systemic reform. He said the proposed corporation will be formed under the Company Act. A Board of Directors and a director general will be appointed under the chairmanship of the chief secretary. Committees will also be formed at the divisional and district level. Agencies will be selected through the GEM portal for a minimum of three years. It will also be ensured that the services of the currently employed personnel are not interrupted, and they receive weightage based on their experience in the selection process. He directed the officers that the remuneration of all outsourced personnel be sent directly to their bank accounts by the fifth of every month, and that the amounts for EPF and ESI should be deposited on time. Additionally, all benefits allowed by EPF, ESIC and banks should also be provided to the employees. He clarified that the corporation should maintain its role as a regulatory body, which monitors the functioning of the agencies and ensures blacklisting, debarment, penalties, and legal action for violations of the rules. No outsourcing should be done against regular posts, and no personnel should be removed without the approval of a competent departmental authority, the CM said. Reaffirming his government's commitment to employee dignity, social justice, and administrative accountability, he said UPCOS will open a new chapter in governance. This initiative will not only benefit lakhs of outsourced workers but also enhance the overall efficiency and integrity of the state's administrative system, he added.


Time of India
11-06-2025
- Time of India
Case against 37 people for cheating & land misappropriation in Nashik
Nashik: Police have filed a cheating case against 37 people, including builders, developers, and architects, for unlawfully appropriating six acres of land without proper ownership rights. Tired of too many ads? go ad free now DCP Kirankumar Chavan reported that a recent investigation by a city survey officer revealed that certain developers, in collaboration with Nashik Diocesan Council (NDC) members, deceived govt officials by falsely claiming ownership of approximately 6 acres belonging to Nashik Diocesan Trust Association (NDTA) Pvt Ltd. Since 1990, these people have been illegally leasing and selling the six-acre property despite lacking ownership rights. At present, the city police occupy three acres of this land on lease — the offices of the deputy commissioner of police (Zone 1) and the city traffic branch are located here. DCP (Zone 1) Kirankumar Chavan said the NDC members and developers created fraudulent documents and submitted them to govt offices to finalise land transactions. This deception of various departments, including revenue, home, town planning, and law and judiciary, resulted in fraud estimated at Rs 300 crore (present valuation). The property transactions involved both leasing and selling of the six-acre plot, with three acres currently used by the DCP and traffic offices. Nashik Diocesan Trust Association (NDTA) Pvt Ltd was established in 1943 under the Company Act, 1913. Following Independence, the Bombay Public Trusts Act, 1950, was implemented. Subsequently, in 1954, certain directors and members of NDTA registered a charity trust called Nashik Diocesan Council, bearing a similar name to NDTA.


New Indian Express
03-05-2025
- Business
- New Indian Express
M V Raghavan deserves credit for Vizhinjam port, says first VISL CEO Jayakumar
THIRUVANANTHAPURAM: At a time when the Congress is claiming former Chief Minister Oommen Chandy as the architect of the Vizhinjam International Seaport Ltd (VISL), the first CEO of VISL -- Dr Jayakumar -- has said that the credit must go to former Ports Minister M V Raghavan for having worked tirelessly to realise the dream. 'M V Raghavan, as ports minister, was the mastermind behind realising a detailed project report for the port project and forming a company,' Jayakumar told TNIE. 'Credit must also go to this LDF government and Chief Minister Pinarayi Vijayan for implementing the project overcoming all obstacles, like cyclone Ockhi, floods, and arbitration.' MVR had handpicked Jayakumar, who has an MTech and a doctorate in ocean engineering from the Indian Institute of Technology (IIT), Madras, while working with the harbour engineering department. He said the idea of developing a deep water port at Vizhinjam evolved during the period of 1994-95, at the time of the Karunakaran-led UDF government. 'MVR was the ports minister. The harbour engineering department submitted a project report in March 1995. An MoU was signed with Kumar Energy Corporation on a BOT basis to implement the project. However, due to a lack of progress, it was later cancelled,' Jayakumar said. In the 2000-2005 UDF government led by A K Antony, MVR was again put in charge of ports. 'For the first time, a DPR was prepared for the development of Vizhinjam with private sector participation. That has worked as the base project report till now. It was under MVR's initiative that a special purpose vehicle (SPC) under the Company Act was formed. Later, the SPC was converted to VISL and I was appointed the first CEO,' he said. Further, Jayakumar said the first global notification for the development of the port was issued on January 19, 2005, by the UDF government. 'Though the state government approved a bid by a consortium led by Kaidi Electrical Power Company, China, and Gamon India Private Ltd in February 2006, the then Congress-led government at the Centre denied security clearance. Had the Union government given security clearance, the port would have materialised then,' he said. Jayakumar also said that it was a big surprise for him when the Chief Minister's Office called him in 2016 after the Pinarayi Vijayan government assumed office. 'I had already taken voluntary retirement from service and was not part of VISL. But the CM asked me whether I would like to work as the CEO of VISL. I said yes as it was a passion for me. The LDF government has successfully implemented the project without losing further revenue to the state and by avoiding arbitration. The credit of executing the project rests with this government,' he added.