TMI BlogIndustrial Park operated by M/s. Bagmane Developers Private Limited notified for the purposes of section 80-IA(4)(iii) of the Income-tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide S.O. 354(E) dated the 1 st April, 2002, for the period beginning on the 1 t day of April, 1997 and ending on the 31 st day of March, 2006; And whereas M/s. Bagmane Developers Private Limited having its registered office at No.7/2, LangfordGardens, Bangalore-560 025, has developed, maintains and operates an industrial park; And whereas the Central Government has approved the said Industrial Park subject to terms and conditions mentioned in the annexure to this notification; Now, therefore in exercise of the powers conferred by clause ( iii ) of subsection (4) of section 80 IA of the said Act, the Central Government hereby notifies the undertak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed for industrial use : 95% ( vi ) Percentage of land earmarked for commercial use : 05% ( vii ) Proposed number of industrial units : 35units ( viii ) Total investments proposed (Amount of Rupees) Rs. 220.0 crore ( ix ) Investment on built up space for industrial use (Amount of Rupees) : Rs. 120.0 crore ( x ) Investment on Infrastructure Development including Investment on built up space for industrial use (Amount in Rupees) : Rs. 220.0 crore 2. The minimum percentage of the area to be allocated for industrial use shall not be less than sixty-six percent o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... column (2) of the Table given in sub-paragraph (b) of paragraph 6 of S.O. 354(E) dated the 1 st April, 2002, shall occupy more than fifty percent of the allocable industrial area of an Industrial Model Town or Industrial Park or Growth Centre. For this purpose a unit means any separate and distinct entity for the purpose of one and more state or Central tax laws. 8. Necessary approvals including that for foreign direct investment or non resident Indian investment by the Foreign Investment Promotion Board or Reserve Bank of India or any authority specified under any law for the time being in force, shall be taken separately as per the policy and procedures in force. 9. M/s. Bagmane Developers Pvt. Limited, Bagmane Enclave, Khatha No.66/ ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
