OP 105 (web)

The problems that the Expert Committee faced in interpreting these Sections of the Act and the internal process of decision-making within the Committee in the face of legislative Section 53 covers the bifurcation of the assets and liabilities of State Undertakings: 8 Occasional Publication 105 (1) The assets and liabilities relating to any commercial or industrial undertaking of the existing state. [...] 9 Sheela Bhide For the purpose of determining the headquarters of a PSU, the Expert Committee initially thought of adopting the address of the ‘registered headquarters of the PSU’ as it appears in the records of the Registrar of Companies (ROC). [...] The apportionment of assets and liabilities of the headquarters of a PSU under Section 53 of the Act was to be done on the basis of the population ratio as per the population census of 2011. [...] Logically, the apportionment of the assets and liabilities of the Federation ought to have been done on the basis of the ratio of sheep and goats in the two regions and not on the basis of the human population ratio. [...] While issuing the orders for the continuation of the tenure of the Expert Committee in September 2016, they stated that ‘the Expert Committee will complete the task of apportionment of the assets and liabilities of the Schedule Nine PSUs, including the distribution of the employees of the PSUs’.