Odisha government’s time line on Vedanta University land acquisition process
June 26th, 2010
Following is from a report from tathya.in.
Replying the adjournment motion on Vedanta University in the Odisha Legislative Assembly (OLA) here on 26 June, Minister said that before acquiring the land for the proposed Vedanta varsity project at Puri, the Vedanta Foundation was turned to a Public Limited Company.
Before approving for land acquisition the Department of Higher Education asked Vedanta authorities to turn Anil Agarwal Foundation (AAF) as Public Limited Company.
On 6 November 2006, authorities of AAF applied to Government of India for conversion of Private Limited Company to Public one.
On 22 November, 2006 the Regional Director, Ministry of Company Affairs, Western Region, Mumbai ordered the conversion is granted subject to compliance of condition required for change of structure under various sections of the Company act.
On 23 November, 2006, Anil Agarwal Foundation held its extra ordinary General Body meeting and adopted resolution for compliance of the conditions and converted the Memorandum and Article of Association from a Private to Public Limited Company.
On 24 November, 2006 AAF informed the State Government in this regard.
Quoting the recent Supreme Court judgement, Minister said it is permissible under law.
On 29 November, 2006, the Department of Higher Education informed the Department of Revenue for acquiring the land in favour of AAF for the university project.
On 13 December, 2006, Department of Revenue notified the same for land acquisition.
So no wrong was done on the above matter, reiterated Mr.Mohanty.
See https://www.orissalinks.com/archives/4196 for our earlier discussion on this.
Entry Filed under: Bhubaneswar-Cuttack-Puri- Khurda area (1),Land Acquisition and Land Use (Why so much land?),Vedanta University, Puri