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Date: 22-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

Government of Meghalaya hereby increases the maximum limit of the authorised share capital of the Meghalaya State Warehousing Corporation to ten crores of rupees divided into ten lakhs shares of the face value of one hundred rupees each

Issued by Ministry of Consumer Affairs, Food and Public Distribution · Department of Food and Public Distribution

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Executive Summary & Key Takeaways

What it means

  • The gazette notification S.O. 3739(E) announces the Central Government's decision to increase the maximum limit of the authorized share capital of the Meghalaya State Warehousing Corporation.
  • This decision was made after consulting with the Government of Meghalaya.
  • The notification is issued by the Ministry of Consumer Affairs, Food and Public Distribution, Department of Food and Public Distribution.

Key Changes

  • The maximum limit of the authorized share capital of the Meghalaya State Warehousing Corporation is increased to ten crore rupees (₹10,00,00,000).
  • The share capital is divided into ten lakh shares (10,00,000 shares).
  • Each share has a face value of one hundred rupees (₹100).

Impact Analysis

Meghalaya State Warehousing Corporation

  • The corporation should update its records to reflect the increased authorized share capital.

Government of Meghalaya

  • The State Government may need to monitor the corporation's utilization of the increased capital and its impact on the state's warehousing infrastructure.

Investors/Shareholders

  • Existing shareholders may see changes in the ownership structure and value of their shares depending on how the new shares are issued.

Consumers and Farmers

  • Improved warehousing can reduce post-harvest losses and ensure a more stable supply chain.

Key Entities Referenced

Central Government: The authority issuing the order, specifically the Ministry of Consumer Affairs, Food and Public Distribution, Department of Food and Public Distribution. Meghalaya State Warehousing Corporation: The entity whose authorized share capital is being increased. Government of Meghalaya: The State Government that was consulted before the order was issued. Warehousing Corporations Act, 1962 (58 of 1962): The legislation under which the Central Government is exercising its powers to increase the authorized share capital.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-22082023-248232 CG-DxLx-xEG-I2D2H0x8x2x0 23-248232 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY सं. 3579] िई ददल्ली, मगं लवार, अगस्ट्त 22, 2023/श्रावण 31, 1945 No. 3579] NEW DELHI, TUESDAY, AUGUST 22, 2023/SHRAVANA 31, 1945 उपभोक्ता मामल,े खाद्य एव ंसाविव जिक जवतरण मत्रं ालय (खाद्य एव ंसाविव जिक जवतरण जवभाग) आदेि िई ददल्ली, 7 अगस्ट्त , 2023 का.आ. 3739(अ).— केन्द्रीय सरकार, भांडागारण जिगम अजधजियम, 1962 (1962का 58) की धारा19की उप-धारा (1) के परन्द्तुक द्वारा प्रदत्त िजक्तयों का प्रयोग करते हुए व मेघालय सरकार से परामिव के पश्चात, मघे ालय राज्य भांडागारण जिगम की प्राजधकृत िेयर प ंिी की अजधकतम सीमा को दस करोड़ रुपय ेतक बढाती है, िो प्रत्येक एक सौ रुपय े के अंदकत मल् य के दस लाख िेयरों में जवभक्त होगी | [फा. सं.9-19/2022-एस िी-1 (380100)] िंददता जमश्रा, वररष्ठ आर्थवक सलाहकार 5382 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Food and Public Distribution) ORDER New Delhi, the 7th August, 2023 S.O. 3739(E).— Inexercise of the powers conferred by the proviso to sub-section (1) of Section 19 of the Warehousing Corporations Act, 1962 (58 of 1962), the Central Government, after consultation with the Government of Meghalaya, hereby increases the maximum limit of the authorised share capital of the Meghalaya State Warehousing Corporation to ten crore[s] of rupees, divided into ten lakh[s] shares of the face value of one hundred rupees each. [F. No. 9-19/2022-SG-1 (380100)] Nandita Mishra, Senior Economic Adviser Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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