NISG Authorized and paid up share capital – NISG how it was conceived and started. Changed day by day the Board of Directors of NISG as things moved on in NISG and problems faced by NSIG.

From: “Sameer Sachdeva” <sachdeva_sameer@…>
Date: Thu Mar 24, 2005  7:14 am
Subject: Authorized and paid up share capital

Share Capital

(4) The Authorised Share Capital of the Company shall be Rupees
Twenty Five crores and be divided into Twenty Five Lakh shares of
Rupees One Hundred each will power to increase or reduce such capital.

(5) The paid up share capital shall be owned by the following
Government and non-Government entities. It is clearly understood
that the percentage of holding mentioned against each entity
hereunder shall not ordinarily exceed the specific percentage against
their respective names and in any case shall not exceed twenty four
(24) percent. However, it shall be open for such entities to take
lesser percentage, if they so wish.

Name of entities Percentage of
paid capital
Not exceeding

Group – A

Government of India
Department of Administrative
Reforms and Public Grievances 10

Ministry of Communications and
Information Technology 10

State Govt. of Andhra Pradesh 10
Other States 9
Other Central Govt. Ministries/Department/
Agencies/Organisations 5
Local Bodies 5

Group – B

NASSCOM 10

Industry Associations 10

Civil Society 10

Financial Institutions 10

Others 11
Total 100

Further, at any point of time, the total shareholding of Entities /
Institutions / Organisations, Central and State Government as
included in Group – A, would not in any case exceed Forty Nine (49)
percent of overall paid up capital of the company.

NISG has been incorporated as a not-for-profit Company under Section 25 of the Companies Act, at Hyderabad on the 28th of May 2002.

NISG has been incorporated as a not-for-profit Company under Section 25 of the Companies Act, at Hyderabad on the 28th of May 2002.

The following is the important corporate information.

Memorandum of Association ( Click here to download )   Articles of Association ( Click here to download)   Authorized share capital of NISG : Rupees Twenty Five Crores

First Directors of the Company    Shri Rajeeva Ratna Shah    Shri Ajay Kumar Agarwal    Shri Kiran Karnik    Shri R Chandrashekhar

Board of Directors

Shri AN Tiwari  Secretary,  Department of Personnel, Public Grievances and Pensions  North Block,  New Delhi-110011    Shri Brijesh Kumar  Secretary, Department of Information Technology, Electronics Niketan  CGO Complex, New Delhi-110003    Shri Kiran Karnik  President, NASSCOM, International Youth Centre  2nd Floor, Teen Murti Marg  Chanakya Puri, New Delhi- 110021    Shri R Chandrashekhar, I.A.S  Joint Secretary (e-Governance) Department of Information Technology  Room 4007, Electronic Niketan, CGO Complex  Lodi Estate, New Delhi – 110 003    Shri J.Satyanarayana, I.A.S  Chief Executive Officer, National Institute for Smart Government  Block B, IIIT Campus, Gachi Bowli  Hyderabad, Andhra Pradesh – 500019

Major share(51%) of NISG is held by the private sector currently NASSCOM and the rest by the Government of India and Government of Andhra Pradesh.