The Associated Journals Limited (AJL) decided on Thursday to convert into a not-for-profit company and re-launch its newspapers, the National Herald, Quami Awaj and Navjivan.
The decision comes in the midst of a legal battle over its past, which has ensnared Congress president Sonia Gandhi and her son Rahul.
The decision was taken in an Extraordinary General Meeting (EGM) presided by All India Congress Committee (AICC) treasurer Moti Lal Vora.
The EGM adopted five major resolutions that also included alteration to the Memorandum of Association, alteration to the Articles of Association, change of the name of company and dealing with the preferential shares.
“These decisions of the members of the company are in pursuance to the revival plan of the company since 2010 which includes conversion of the company to not-for-profit and re-launching the newspapers”, Vora said while reading out a statement.
“AJL was founded by Pandit Jawaharlal Nehru in November 1937. The company and the newspapers it published, namely the National Herald, Quami Awaj and Navjivan, played an important role as the voice of freedom movement and functioned historically in the public interest and for social good. This decision of the EGM in essence formalizes this larger purpose for which the company was founded in the first place,” Vora added.
Asked about the new name for the company, Vora said the resolutions adopted on Thursday would be sent to authorities for their approval and details would be shared thereafter. Sources, however, said one of the possible names could be The Associated Journals.
AJL consultant and legal advisor CB Pandey said the EGM had nothing to do with the case that had been filed against the Gandhis and the resolutions adopted would clear the confusion, if any about the whole issue.