Monday, October 21, 2013

SKM condemns repeal of Registration of Companies (Sikkim) Act

GANGTOK, 20 Oct: Sikkim Krantikari Morcha has expressed strong objections against what it sees as the dilution of the Old Laws of Sikkim with the repeal of Registration of Companies (Sikkim) Act of 1961. The party has alleged that the SDF Government has been working against the interests of the people and has diluted the Old Laws of Sikkim ever since it came to power [in 1994].
An SKM press release issued on Saturday informs that the Companies Act 2013 which was implemented throughout the nation on 12 September has made the state companies ineffective. The release stated that this will directly affect the landlords, youth seeking jobs, smallscale industrial units and the coming generation of the state. The protections and benefits secured for the Sikkimese under the  1961 Act of Sikkim are now lost, the release adds.
The release goes on to rue that Lok Sabha MP from Sikkim, PD Rai, has not taken up the issue in the Lok Sabha and contends it was only after SKM took up the issue along with the State’s intellectuals, that Sikkim’s Rajya Sabha MP Hissey Lachungpa discussed this issue in the House.
The release also reminds that on 08 August, Corporate Affairs Minister Sachin Pilot had assured that the Act would be implemented only after listening to the State government.
The SKM party has demanded the resignation of both MPs from Sikkim for having failed to make Sikkim’s case in this development.

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