HYDERABAD: Union Minister of State for Corporate and Minority Affairs Salman Khursheed has said here that a Bill establishing Equal Opportunities Commission (EOC) would be introduced in the winter session of Parliament.
The Centre proposed to establish EOC to provide greater opportunity to individuals who were not getting their due in institutions. It would do away with majority/minority and public/private sector divides. The work on legislation was going on swiftly, he told reporters after addressing a seminar on minority issues on Thursday evening.
Mr. Khursheed described the EOC as the next historic development after the establishment of several national commissions and said he was excited about it. It would be launched in employment and education sectors to begin with and extended to cultural, housing and sports later.
Referring to the Bharti-Airtel and MTN deal, he said dual listing of the entities was not possible in India if the deal meant merger. The South African law had certain provisions of dual listing which was not available in India. A dual listed company was a corporate structure that involved two listed companies with different sets of shareholders sharing ownership of a single operational business. On the Satyam Computers fraud, he said investigation by the Serious Fraud Investigation Office (SFIO) of his Ministry had established clear violation of Company Law Act by the firm. The consequential legal proceedings would be launched after the Enforcement Directorate and the Income-Tax department concluded their probe in the coming months.