TaxTMI 
TaxTMI 
Replacement of System of Prior Permissions
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....eplacement of System of Prior Permissions <br>News and Press Release<br>Dated:- 6-5-2015<br><BR>In pursuance of announcement of the Finance Minister in his budget speech, this Department of Industrial....
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.... Policy and Promotion with the approval of competent authority has constituted an Expert Committee to examine the possibility of replacing multiple prior permission with pre-existing regulatory mechan....
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....ism. The Terms of Reference of the Committee are:- 1. Study the requirement of various prior permissions with an exhaustive inventory of such permission; 2. Examine the possibility of replacing th....
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....ese prior permissions with a pre-existing (proposed) regulatory mechanism; 3. Identify safeguards to be put in place while replacing the system of prior permission and integrating these safeguards i....
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....n the proposed regulatory mechanism; 4. Recommend a framework of the proposed regulatory mechanism; and 5. Draft the proposed legislation. This information was given by the Minister of State (In....
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....dependent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.<BR> News - Press release - PIB....