Appointment of Sh. Rajeev Saxena, Joint Secretary, Ministry of Textiles as Commissioner of Payments (CoP)

## Report on Ministry of Textiles Notification Regarding Commissioner of Payments **1. Executive Summary:** This report analyzes a notification (S.O. 2394E) issued by the Ministry of Textiles, Government of India, dated May 23, 2022. This notification appoints Shri Rajeev Saxena, Joint Secretary, as Commissioner of Payments, effective April 1, 2022, and defines the local limits of his jurisdiction as the whole of India. The core purpose of the notification is to comply with various acts concerning sick textile undertakings and related entities by appointing a Commissioner of Payments. **2. Introduction:** This report provides an overview of the Ministry of Textiles notification S.O. 2394E, based solely on the information contained within the provided text. The report aims to inform stakeholders about the appointment of the Commissioner of Payments and the scope of their responsibilities. **3. Policy Overview:** * This notification is related to existing legislation concerning sick textile undertakings and associated companies. * **Core Objective:** The core objective of the notification is to appoint a Commissioner of Payments to oversee matters related to specific acts concerning sick textile undertakings. **4. Background and Rationale:** The appointment of a Commissioner of Payments suggests the need for a designated authority to manage financial settlements or address claims related to textile undertakings nationalized under the referenced Acts. The appointment likely ensures compliance with the legal requirements of the cited acts. **5. Key Provisions / Changes:** * The notification appoints Shri Rajeev Saxena, Joint Secretary, as the Commissioner of Payments. * The appointment is effective from April 1, 2022. * The Commissioner of Payments' jurisdiction covers the whole of India. * The notification references and acts under the authority of: * Subsection 1 of Section 17 of the Sick Textile Undertakings Nationalization Act, 1974 (57 of 1974) * SubSection 1 of Section 6 of the British India corporation Ltd Acquisition of shares Act, 1981 (29 of 1981) * SubSection 1 of Section 15 of the Swadeshi Cotton Mills Company Limited Acquisition and Transfer of Undertakings Act, 1986 (30 of 1986) * SubSection 1 of Section 17 of the Textile Undertakings Nationalization Act, 1995 (39 of 1995) **6. Target Audience and Stakeholders:** The target audience and stakeholders include: * The appointed Commissioner of Payments, Shri Rajeev Saxena * The Ministry of Textiles. * Textile undertakings and related entities covered by the referenced Acts. * Individuals or entities with claims or interests related to the sick textile undertakings. **7. Implementation Aspects (Inferred):** * **Responsible agency:** The Ministry of Textiles is the responsible agency, as indicated by the notification's origin. * **Timelines:** The appointment is effective from April 1, 2022. * The Commissioner is expected to exercise powers and perform duties related to payment obligations under the specified Acts throughout India. **8. Expected Outcomes / Impact of Changes:** The likely intended outcomes are: * Streamlined and legally compliant handling of payments related to nationalized textile undertakings. * Effective implementation of the Sick Textile Undertakings Nationalization Act, 1974, the British India corporation Ltd Acquisition of shares Act, 1981, the Swadeshi Cotton Mills Company Limited Acquisition and Transfer of Undertakings Act, 1986 and the Textile Undertakings Nationalization Act, 1995. * Resolution of outstanding claims and financial obligations related to these undertakings. **9. Conclusion:** The Ministry of Textiles notification S.O. 2394E appoints Shri Rajeev Saxena as the Commissioner of Payments with jurisdiction over the whole of India, effective April 1, 2022. This appointment is significant as it facilitates the implementation of several key Acts concerning the nationalization of sick textile undertakings and ensures the proper handling of related payments and claims. This appointment is of particular interest to those in the textile industry that could be potentially impacted by these acts.

Key Entities Referenced