How many officers are required to form a company?
Three Officers.
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What is waiting period?
Waiting period is about 7-9 years presently and depends on demand received from a coal subsidiary.
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Why it can't be speeded up?
Demand is based on requirement by the Coal India Limited and then only companies are sponsored.
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Can a JCO become a Director?
No. A JCO cannot become a sponsoring director but can be co-opted if sponsored directors desires.
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What percentage of ESM is required in a company's working force?
75 percent of workers in ESM Company are to be ESM.
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Can an individual ESM/Widow benefit from the Scheme?
75 percent of workers in ESM Company are to be ESM.
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