Bhubaneswar: The State government has decided to extend the operation of ‘Mo Bus’ service in three more districts of Odisha- Sambalpur, Jharsuguda and Ganjam.
“Government after careful consideration have been pleased to extend the area of operation of Capital Region Urban Transport (CRUT) to the urban cluster areas covering Sambalpur-Jharsuguda-Brajarajnagar-Belpahar cluster and Berhampur-Gopalpur-Chhatrapur-Hinjilicut-Digapahandi cluster under the operational jurisdiction of CRUT for running Mo Bus services in the district of Sambalpur, Jharsuguda and Ganjam for providing “Mo Bus” service on Gross Cost Contract Model,” stated a notification issued by Urban Development department .
The Western Odisha Urban Transport Service Limited (WOUTSL) and Ganjam Urban Transport Service Limited (GUTSL) for providing City Bus Service in Sambalpur-Bargarh-Tharsuguda and Berhampur-Chhatrapur-Gopalptir-Hinjiticut urban cluster will be closed/dissolved by the process of voluntary winding up.
The WOUTSL and GUTSL have been asked to take immediate steps to complete audited Financial Statements for the Financial Year 2022-23.
The WOUTSL and GUTSL Managements will take necessary steps for transfer of their entire paid-up share capital to CRUT at par by keeping the existing Shareholders of WOUTSL & GUTSL, as holder of one share each on behalf of CRUT (CRUT being the beneficial owner) as per the provisions of Section 89 of The Companies Act, 2013 and Rule 9 of The Companies (Management and Administration) Rules, 2014.
The ownership of all the Buses of WOUTSL and GUTSL will be transferred in the name of CRUT, the notification added.
Both the units have been asked to transfer land and buildings, Bus Queue Shelters (with advertising rights) if any, in the name of WOUTSL and GUTSL to CRUT.
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