Académique Documents
Professionnel Documents
Culture Documents
Liberalization of Industrial
licensing
De-licensing
De-control
De-regulation
Broad-banding
Abolition of registration
FERA Liberalization
Liberalization of FDI
Liberalization of technology
import
MRTP Liberalization
MRTP Liberalization
The Monopolies & Restrictive Trade Practices Act (MRTP) has been a
growth restricting regulation. Under the NIP, sweeping changes have
been made in MRTP regulations. The MRTP Act has been amended to
altogether do away with the threshold assets limit which rendered a
firm an MRTP company or a dominant undertaking.
MRTP clearance is now not required for neither investment
applications; nor is any approval needed for establishing new
undertakings, or for implementing expansions, mergers, amalgamations
& takeovers. The existing restrictions on acquisition/transfer of shares
have also been removed.
Moderate rate.
Higher exemption limits.
Wider tax base.
Presumptive tax on small traders.
Abolishment of wealth-tax on productive assets.