WebMar 21, 2016 · In this blogpost, Sonal Srivastava, Student, Amity Law School, Lucknow, writes about what determines sickness and the procedure for filing an application for … WebSep 7, 2024 · The sick unit undertaking manufacturing activity on behalf of a healthy company on the basis of processing fees could also be considered. General i. The relief/concessions to the extent indicated above are not intended to be given as a matter of course in all cases of rehabilitation of sick SME units/service sector projects. ii.
Industrial Sickness - Definition, Special Provisions Act, 1985 ...
WebJul 30, 2024 · The Rehabilitation to sick companies is not the answer and solution for the industrial sickness. Historical Background In India, the face-off with industrial concerns … WebOf course, sickness is not a special problem of India. It is, undoubtedly, a global phenomenon. Even in industrially advanced countries there are numerous cases of bankruptcy or liquidation. These sick units are nursed back to health through merg¬ers, amalgamations, takeovers, purchase of assets, or outright nationalization. sharepoint 2019 iso
Rehabilitation of Sick Units PDF Interest Loans - Scribd
WebNov 30, 2024 · In order to urge sound units to converge with sick units, a revision was made to the Income Tax Act in 1977. With this correction, where a merger is acknowledged by … Web2. Enclosed is a complete set of revised guidelines, with regard to rehabilitation of sick units in the SSI sector with specific reference to definition of sick SSI units, its monitoring, viability norms, incipient sickness, as also, reliefs and concessions from banks/financial institutions in the case of potentially viable units. The emphasis ... WebThe backbone of the new revised policy is to encourage the Banks/Financial institutions for servicing the sick units and provide a rehabilitation package for their quick revival to join the main stream. 6% interest subsidy will be provided to all identified/eligible sick units, subject to maximum of Rs. 2.00 lakhs per year for a maximum period ... pooter youtube