(a) whether the Government proposes to close Specified Undertakings of Unit Trust of India (SULTI)
and transfer of its assets and liabilities to a1 new entity;
(b) if so, the details thereof;
(c) the total assets and liabilities of SUUTI at present; and
(d) the steps taken by the Government lo deal with the investment, disinvestment and other activities of
SUUTI?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI NAMO NARAIN MEENA)
(a) & (b):- The Cabinet, in its meeting held on the 23rd March 2012, approved the proposal for winding up SUUTI
and creating a new company, wholly owned by Government, to takeover all assets or properties which are in the
possession, custody and control of the Administrator, SUUTI and all claims or liabilities of the SUUTI, subject to
certain conditions. However, Cabinet on 9 January 2014 has decided that the decision of the Cabinet taken on the
23rd March 2012 to wind up SUUTI may be deferred. The transfer of assets and liabilities of SUUTI to the new
company, as approved by the Cabinet on 23rd March 2012, has also been deferred.
(c) The total assets and liabilities of SUUTI as per the Audited Accounts as on 31` December 2013 arc
as given below:
Assets - Rs. 54730 crores (Market value) Liabilities - Rs. 2000 crores