Amendment status not verified — confirm the current text below against the official source.
Repeal of Ordinance 18 of 1995. SCHEDULE THE ANDHRA PRADESH PUBLIC SECTOR UNDERTAKINGS (RECONSTITUTION OF MANAGEMENT) ACT, 1996 ACT No.4 OF 1996 [20th January,1996] AN ACT TO PROVIDE FOR EFFECTIVE FUNCTIONING OF PUBLIC SECTOR UNDERTAKINGS BY RECONSTITUTING THEIR MANAGEMENT AND FOR THE MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO. Whereas there are a number of non-trading public sector undertakings functioning as instrumentalities of the State under various branches of administration within the State of Andhra Pradesh; And whereas, immediate action is found to be essential in public interest to accelerate revamping of management of such bodies to function as bodies responsive to the aspirations and needs of the people; And whereas, in the notifications issued in G.S.R.No.906, dated the 30th July, 1981, G.S.R.No.577(E), dated the 16th July, 1985, and G.S.R.No.579(E), dated the 16th July, 1985, and also in certain other notifications issued from time to time, the Government of India have exempted all the Government companies from various provisions of the Companies Act, 1956 under section 620 of the said Act (Central Act 1 of 1956); Be it enacted by the Legislative Assembly of the State of Andhra Pradesh in the Forty-sixth Year of the Republic of India as follows:-