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RBI Approval under FEMA
When RBI Approval is required under FEMA (Current Account Transaction) ? In respect of certain current account transactions, restriction in the form of RBI approval has been imposed. The purpose of such restriction is to ensure that capital is not remitted in the garb of current account payment. Thus, remittance Read More →
Promotion,Development And Enhancement of Competitiveness
What Measuresare taken For Promotion,Development And Enhancement of Competitiveness ? 1. Promotion and Development In order to facilitate the promotion and development and to enhance the competitiveness of Micro, Small and Medium Enterprise, the Central Government has specified the measures that can be taken such as development of skills in Read More →
How Enterprises has been Classified?
How Enterprises has been classified? As per Section – 7(1) of the Act, the following enterprises (whether proprietorship, HUF, AOP, Co-operative Society, Partnership firm, Company or nay other legal entity, by whatever name called) are classified as Micro, Small and Medium Enterprises: I) In the case of the enterprises engaged Read More →
National Board For Micro, Small And Medium Enterprises
What is National Board For Micro, Small And Medium Enterprises [Sec. 3& 5] The Central Government has been empowered under the act to established National Board for Micro, Small and Medium Enterprises with its head office at Delhi. The Board shall perform all or any of the following functions, Read More →
Computation of Value of Investment in Plant And Machinery
What is procedure for Computation of Value of Investment in Plant And Machinery ? Following criteria has been laid down for computation of the value of plant and machinery in the cases of small-scale/ancillary industrial undertakings: 1) In calculating the value of plant and machinery, the original price thereof, irrespective Read More →
Liquidation or Reconstruction of Companies under IDRA
What is Liquidation or Reconstruction of Companies under IDRA? Section – 18FC of the Act confers powers on the Central Government to call upon the authorized person to submit a report on the affairs and working of the industrial undertaking whose management or control has been taken under Section – Read More →
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