Group company definition expanded to include LLPs; voting and board control thresholds plus two year existence govern benefit claims. Amendment redefines Group Company in Para 9.28: two or more enterprises are a group if they either hold twenty-six per cent or more of voting rights in another enterprise or appoint more than fifty percent of its board. 'Enterprise' includes Public Limited Company, Private Limited Company and Limited Liability Partnership (LLP), but excludes partnership and proprietorship firms. For claiming benefits or counting exports, a group company must have existed at least two years prior to the date of application under any export promotion scheme notified in the Foreign Trade Policy.
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Provisions expressly mentioned in the judgment/order text.
Group company definition expanded to include LLPs; voting and board control thresholds plus two year existence govern benefit claims.
Amendment redefines Group Company in Para 9.28: two or more enterprises are a group if they either hold twenty-six per cent or more of voting rights in another enterprise or appoint more than fifty percent of its board. "Enterprise" includes Public Limited Company, Private Limited Company and Limited Liability Partnership (LLP), but excludes partnership and proprietorship firms. For claiming benefits or counting exports, a group company must have existed at least two years prior to the date of application under any export promotion scheme notified in the Foreign Trade Policy.
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