Narayan Rane
Mumbai: The state industry department has announced a special amnesty scheme for industrial units that have shut down and cannot be revived. The new scheme will be applicable for the period of the new industrial policy 2019.
The scheme, which is an attempt to restart the unit, is for industries that have availed of government loans and incentives, and whose dues make it impossible to transfer immovable assets to other industrialists. The scheme is applicable to industries shut for over a year or have been declared insolvent by the courts. Also, it will be applicable to industries that have shut prior to April 1, 2019, provided they pay a one-time settlement towards their dues. Industries that have shut prior to April 2010…
Read the full article at: https://timesofindia.indiatimes.com/city/mumbai/spl-amnesty-to-breathe-life-into-shut-units/articleshow/85578674.cms
