Small-Scale Industries41 Sample Clauses

Small-Scale Industries41. Support to small-scale industrial units has been a main plank of India’s industrial policy for a long time, and the position has not changed substantively after the economic reforms of the early 1990s. The Industries (Development and Regulation) Act, 1951 (IDR Act) provides the statutory framework for the control of industry in India. Section 11-B enables the Central Government to specify the requirements, which should be complied with by small-scale industrial undertakings for special measures of support by government. The provision stipulates that the factors to be taken into account for designating undertakings for favourable treatment are, inter alia, the investment in plant 40 WTO Document WT/DS46/RW. 41 Information on this is taken mainly from the site: xxxx://xxx.xxx.xxx.xx/welcome.html and machinery; nature of ownership; smallness, in respect of the number of workers employed; and nature, cost, and quality of the product. Under the latest notification of the Central Government, a small-scale industrial undertaking is one in which the investment in fixed assets in plant and machinery, whether held on owners terms on lease or on hire purchase, does not exceed Rupees 10 million. The condition applies that the unit is not owned or controlled by or is a subsidiary of any other industrial undertaking. Detailed rules explain the concepts of ownership, control, and subsidiary status and further lay down the norms for calculating the value of plant and machinery. A sub-set of small-scale industrial undertakings is the ancillary industrial undertaking, which is engaged in the manufacture or production of parts, components, sub-assemblies, tooling, or intermediates, or rendering services and undertaking supplies to one or more other industrial undertakings. The main benefit that small-scale industries receive from the Central Government is the statutory reservation of items/products for exclusive production by them. The provisions relating to reservation are contained in sections 29B (2A) to (2H) of the IDR Act. The list of reserved items has been trimmed down after the economic reforms. Some of the main financial benefits for which the small-scale units are eligible are enumerated below: (i) Capital subsidy of 12 per cent for investment in technology in select sectors; (ii) Grant of Rupees 75,000 to each unit opting for ISO 9000 certification; (iii) Exemption from excise duty up to a limit of Rupees 10 million; (iv) Assistance for marketing through vendor de...
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Related to Small-Scale Industries41

  • MERCURY ADDED CONSUMER PRODUCTS Contractor agrees that it will not sell or distribute fever thermometers containing mercury or any products containing elemental mercury for any purpose under this Contract.

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Buy American XXXXXXX agrees that in expending the COMPENSATION AMOUNT it will comply with the Buy American Act (41 U.S.C. §§ 8301 et seq.).

  • SBC-12STATE 47.1.1 The terms contained in this Agreement and any Appendices, Attachments, Exhibits, Schedules, and Addenda constitute the entire agreement between the Parties with respect to the subject matter hereof, superseding all prior understandings, proposals and other communications, oral or written between the Parties during the negotiations of this Agreement and through the execution and/or Effective Date of this Agreement. This Agreement shall not operate as or constitute a novation of any agreement or contract between the Parties that predates the execution and/or Effective Date of this Agreement.

  • Investment Company; Public Utility Holding Company Neither the Company nor any Subsidiary is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Qualified Small Business Stock The Company shall use commercially reasonable efforts to cause those shares of Series A Preferred Stock that are Registrable Securities, as well as any shares of Common Stock into which such shares of Series A Preferred Stock are converted, within the meaning of Section 1202(f) of the Internal Revenue Code (the “Code”), to constitute “qualified small business stock” as defined in Section 1202(c) of the Code; provided, however, that such requirement shall not be applicable if the Board of Directors of the Company determines, in its good-faith business judgment, that such qualification is inconsistent with the best interests of the Company. The Company shall submit to its stockholders (including the Investors) and to the Internal Revenue Service any reports that may be required under Section 1202(d)(1)(C) of the Code and the regulations promulgated thereunder. In addition, within twenty (20) business days after any Investor’s written request therefor, the Company shall, at its option, either (i) deliver to such Investor a written statement indicating whether (and what portion of) such Investor’s interest in the Company constitutes “qualified small business stock” as defined in Section 1202(c) of the Code or (ii) deliver to such Investor such factual information in the Company’s possession as is reasonably necessary to enable such Investor to determine whether (and what portion of) such Investor’s interest in the Company constitutes “qualified small business stock” as defined in Section 1202(c) of the Code.

  • DISADVANTAGED BUSINESS ENTERPRISE OR HISTORICALLY UNDERUTILIZED BUSINESS REQUIREMENTS The Engineer agrees to comply with the requirements set forth in Attachment H, Disadvantaged Business Enterprise or Historically Underutilized Business Subcontracting Plan Requirements with an assigned goal or a zero goal, as determined by the State.

  • AT&T-12STATE acknowledges that CLEC may have an embedded base of one-way trunks ordered and installed prior to the Effective Date of this Agreement that were used for termination of CLEC’s Section 251(b)(5)/IntraLATA Toll Traffic to AT&T-12STATE (Embedded Base). To the extent that CLEC has such an Embedded Base, CLEC shall only augment trunk groups in the Embedded Base with the mutual agreement of the Parties. CLEC shall not order any new one-way trunk groups following the Effective Date of this Agreement. Moreover, the Parties agree that the Embedded Base will be converted to two-way trunk groups under the following circumstances: 4.2.1.1 With reasonable notification from AT&T-12STATE and upon AT&T-12STATE’s request, CLEC shall convert all of its Embedded Base to two-way trunks. 4.2.1.2 At any time an Embedded Base trunk group (either originating or terminating) requires augmentation, AT&T-12STATE can require the associated originating and terminating trunks to be converted to a single two-way trunk group prior to the augmentation. 4.2.1.3 When any network changes are to be performed on a project basis (i.e., central office conversions, tandem re-homes, etc.), upon request and reasonable notice by AT&T-12STATE, CLEC will convert all of its Embedded Base affected by the project within the intervals and due dates required by the project parameters. 4.2.1.4 In addition to the foregoing, CLEC may choose, at any time, to convert its Embedded Base to two-way trunk groups. 4.2.1.5 The Parties will coordinate any trunk group migration, trunk group prioritization and implementation schedule. AT&T-12STATE agrees to develop a cutover plan within thirty (30) days of notification to CLEC of the need to convert pursuant to Section 4.2.1.1 above and Section 4.2.1.3 above.

  • US-Behörden Die Apple-Software und die zugehörige Dokumentation gelten als „Commercial Items“ gemäß Definition im 48 C.F.R. §2.101, bestehend aus „Commercial Computer Software“ und

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