The process for the formation and announcement of the much-awaited regional political party from the house of All Assam Students Union (AASU) and the Asom Jatiyatabadi Yuva Chattra Parishad (AJYCP) was formally started today. Addressing the media jointly in Guwahati today, top office bearers of both the organisations announced the formation of an advisory committee to prepare the roadmap and the way forward for the new party. The party would be based on the main principle of Assam first, always and ever, the leaders said. The party is likely to be announced at the AASU convention later this year. The resolution to form the regional political party was adopted today.