Applicability of sub section (1A) to Government companies incorporated as private limited companies Proposal for granting exemption

Applicability of sub section (1A) to Government companies incorporated as private limited companies Proposal for granting exemption https://www.taxtmi.com/circulars?id=10876 Several government companies became public companies by operation of the turnover criterion in sub section (1A) of section 43A. Representations for exemption under section 620 were considered; legal advice indicates exemptions can be granted prospectively but cannot be applied retrospectively to reconvert companies already treated as public. The Department of Company Affairs has granted and is considering other exemptions to lessen operational burdens on government companies. en-us Wed, 03 Dec 1975 00:00:00 +0530 Fri, 17 Jun 2011 15:23:00 +0530 TaxTMI RSS Generator Applicability of sub section (1A) to Government companies incorporated as private limited companies Proposal for granting exemption https://www.taxtmi.com/circulars?id=10876 Several government companies became public companies by operation of the turnover criterion in sub section (1A) of section 43A. Representations for exemption under section 620 were considered; legal advice indicates exemptions can be granted prospectively but cannot be applied retrospectively to reconvert companies already treated as public. The Department of Company Affairs has granted and is considering other exemptions to lessen operational burdens on government companies. Circulars Companies Law Wed, 03 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10876