Verma chairs 2nd BoD of FDCL

Asks the corporation to bring more transparency in the its working

SRINAGAR, AUGUST 25: Commissioner Secretary, Forest, Ecology and Environment Department, Sanjeev Verma today chaired the 2^nd Board meeting of J&K Forest Development Corporation Limited (FDCL).

Verma, who is also the Chairperson of J&K FDCL, stressed on the need for transparency and efficiency in conduct of business. He urged that the introduction of Pay and Accounts Office (P&AO) system in the corporation is a significant step in this direction.

He asked the corporation to do their business up to the satisfaction of common masses. He impressed upon them to make the sale and distribution of timber accessible to people deserving it most. He exhorted upon them that no log felled naturally that is worth extraction should get spoiled in the woods.

The Board reviewed the implementation of decisions taken in the first board meeting that was held on 26th February this year. The MD of the corporation informed the board that since its functioning from 1st April 2021 the gross receipts of the corporation from sale of goods and services upto July 2021 accumulates to the tune of Rs. 60 crore.

The board took note of the Audit reports of the erstwhile J&K State Forest Corporation for the period from 2014-15 to 2019-20, and approved the delegation of powers to the Managing Director to culminate the task. The changes among Directors were also taken on record.

Directors of the Board who attended the meeting includes Dr. Mohit Gera, Principal Chief Conservator of Forests; Shahid Iqbal Choudhary, Secretary Tribal Affairs Department; and Vasu Yadav, Managing Director, J&K FDCL. Besides these Director General Codes, Director General Budget, representatives from Rural Development Department, and Industries & Commerce Department also attended the BoD meeting.

Pertinent to mention here that J&K FDCL was incorporated on 3rd December 2020 under the Companies Act 2013 and has taken over the assets and liabilities of the erstwhile J&K State Forest Corporation consequent upon the repeal of J&K State Forest Corporation Act, 1978.

 The structure of the Board of J&K FDCL consists of Administrative Secretaries of Finance Department, Industries and Commerce Department, Forest, Ecology & Environment Department, Rural Development Department, Tribal Affairs Department, Principal Chief Conservator of Forests, and the Managing Director of the corporation.