Bhubaneshwar : Odisha goverenment Tuesday amended the Induatrial Policy Resolution 2022 to give relief to companies for restructuring.
The State cabinet, which met under the chairmanship of Chief Minister Mohan Charan Majhi, approved amendment of IPR 2022 to rationalise stamp duty for the reconstruction, amalgamation, demerger or arrangement of companies.
The CM said, “It will support faster revival of sick industrial units, continuity of operations and preservation of employment. It will facilitate mergers, consolidation, revival and transfer of industrial assets.”
The benefit will apply to eligible schemes sanctioned under relevant provisions of the Companies Act, 2013 by competent authorities.
