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TAMIL NADU STATE MARKETING CORPORATION LIMITED (TASMAC)

  

INTRODUCTION

The Tamil Nadu State Marketing Corporation Limited (TASMAC) is a company incorporated under the Companies Act, 1956 on 23.05.1983 with Registered Office at Chennai. TASMAC is vested with the exclusive privilege of wholesale supply of IMFL for the whole State of Tamil Nadu as per Section 17 (C) (1-A) (a) of the Tamil Nadu Prohibition Act, 1937 (Tamil Nadu Act X of 1937). It has taken over the wholesale distribution of Indian Made Foreign Liquor from the Private Sector in the whole of Tamil Nadu during May 1983.

FORMATION OF RETAIL VENDING DIVISION:

In order to completely eliminate the sale of contraband, spurious and non- duty paid liquor in some licensed premises under the system of retail vending by private persons, which can affect the public health of the liquor consuming public and wide spread violations of Maximum Retail Price (MRP) of liquor fixed by the Government, both of which also cause loss of revenue to the Government and in order to curb the organized groups and cartels, who act in groups to ensure that applications are not made for a substantially large number of shops so as to keep them vacant and thereby to corner the retail vending trade causing loss of revenue to the Government, it was considered necessary by the Government to grant the exclusive privilege of retail vending of Indian Made Foreign Spirits to the State owned public sector under taking, TASMAC. Accordingly, the exclusive privilege of Retail Vending of IMFS was granted to TASMAC under Sec.17 (C) (1-B) of the Tamil Nadu Prohibition Act, 1937. TASMAC is doing the retail business also successfully with effect from 29.11.2003.
 

CAPITAL STRUCTURE

  (i) Authorised capital : Rs. 15.00 Crores
(ii) Paidup capital : Rs. 15.00 Crores

(100% contributed by Tamil Nadu State Government )
 

 PURCHASE AND DISTRIBUTION

TASMAC procures IMFS and Beer stocks locally from six IMFS manufacturers and three Beer manufacturers in the State. Certain IMFS, Scotch and Beer products are procured through import from other States.

Distribution of IMFS & BEER items to the licensees is being done through the 41 depots of TASMAC located throughout the State.