L-G APPROVES CREATION OF J&K FOREST DEVP CORPN

JAMMU: The administrative council headed by Lt Governor GC Murmu on Saturday approved the creation of Jammu and Kashmir Forest Development Corporation (JKFDC) as a registered company under the Companies Act, an official spokesperson said. The JKFDC will replace the State Forest Corporation which ceased to exist after the reorganisation of the erstwhile state of Jammu and Kashmir. For registration of the company, the authorised share capital was fixed at Rs 10 crore divided into 1 lakh equity shares of Rs 1,000 each, an official spokesperson said..