Foreign Trade Policy of INDIA Home
 
Exim Policy
overseasbuyers.com
 
FOREIGN TRADE POLICY 2004-09
SEARCH  
Foreign Trade Policy Chapter » 1A 1B 1C 2 3 4 5 6 7 7A 8 9
 
« Back to Chapter Print Preview
Chapter – 9
clause - 9.28
 

Group Company" means two or more enterprises which, directly or indirectly, are in a position to —

  

(i)

exercise twenty-six per cent. or more of the voting rights in the other enterprise; or

 
  

(ii)

appoint more than fifty percent, of the members of the board of directors in the other enterprise; or

 
  

For the group companies to claim benefits or have their exports counted for benefits to be claimed by another member of the group, the group company should have been in existence atleast 2 years prior to the date of application under any of the export promotion schemes notified in the Policy.

 
« Back to Chapter [Back To Top]
 Terms  |   Disclaimer  |   Privacy  |   Useful Link  |   Sitemap
Copyrights © exim policy