For existing units undergoing substantial expansion: the quantum of interest subsidy eligible in the case of an existing industrial unit which has gone for substantial expansion will be 3% of the increase in working capital loan over and above the average of the working capital loan availed by the industrial unit during two financial years just preceding the date of commencement of commercial operation after undergoing substantial expansion
For new units: all eligible industrial units located anywhere in the North East Region shall be given an interest subsidy to the extent of 3 % on the working capital advanced to them by the Scheduled Banks or Central State financial institutions for a maximum period of 10(ten) years from the date of commencement of commercial production.
Central Government hereby makes the following amendments to the Scheme known as the Credit Guarantee Fund for Micro Units (CGFMU)
Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2023 – The e-filing of pleadings with Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) by applicants is mandatory and any other form of filing shall not be taken on record. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, […]
Cost Accountants of India decided to extend examination applicability under Syllabus 2016 for another two terms for convenience of Students.
Section 179(3)(k) of Companies Act, 2013 read with Sub-Rule 5 of Rule 8 of Companies (Meetings of Board and its Power) Rules, 2014 mandated to file Board resolution for appointment of Internal Auditors in Company.
