Shareholding of GSTN

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..... Shareholding of GSTN - Goods and Services Tax - GST Dated:- 25-11-2019 - News - The GST Council in its 27th meeting held on 4th May, 2018 resolved that GSTN will be converted into a 100% Government-owned entity by transferring 51% equity shares held by the Non-Government Institutions to the Centre and States equally. This was stated by Shri Anurag Thakur, Union Minister of State for Finance .....

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..... Corporate Affairs, in a written reply to a question in Lok Sabha today. The Union Cabinet in its meeting held on 26th September, 2018 decided to convert GSTN into a fully-owned Government company with 50% equity of the company to be held by the Central Government and the balance 50% to be held by various States and Union Territories. The Minister further elaborated that in .....

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..... pursuance to the above decisions, GSTN has already initiated the process of transfer of 51% equity of the company held by the Non-Government Institutions to the Centre and States equally. The necessary amendments in the company s Memorandum of Association (MOA) and Articles of Association (AOA) have been carried out and the modified MOA and AOA have also been approved by the GST Council. .....

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..... The Ministry of Corporate Affairs has also accorded its approval to the modified MOA and AOA on 22nd March, 2019 under the provisions of the Companies Act, 2013 . The shareholders of GSTN in its Extra-Ordinary General Meeting (EGM) held on 21st June, 2019 has also accorded its approval to the modifications in MOA and AOA and transfer of shares by the Non-Government Institutions to the Centre an .....

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..... d States. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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