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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>Approval requirement for agreements modified: Central Government approval replaced by conformity with industrial policy where applicable.</h1> Amendment replaces the requirement that an agreement be approved by the Central Government with a dual option: either Central Government approval or, where the agreement concerns a matter included in the industrial policy in force, that the agreement be in accordance with that industrial policy; this substitution applies to both the main clause of sub section (1) and the corresponding language in sub section (1A).