Mumbai: Union Company Affairs Minister P C Gupta today (Nov 25, 2004) said the Government has no role to play in the "ownership differences" in the Reliance Industries Ltd (RIL) as the management of the company is in perfect order.

"There can be problems between the partners and there are ways to solve it. There is no role for the Centre in this (ownership issue)," Gupta said responding to queries of newspersons in Mumbai on the sidelines of National Accounting Convention.

There is absolutely no issue about the management of the company and the Government role would come only if there are problems with the management, he said.

On a query on disclosure of holdings by promoters, he said, "promoters do disclose their holdings and it must have been done in this case (RIL) also." Promoters are free to invest directly or through investment companies, he added.