Govt Clears New Norms for Time-Bound Closure of Sick PSUs

The guidelines also provide for advance preparatory action to be taken by administrative ministry or department and CPSEs, preparation of closure proposal, settlement of statutory and other liabilities of the CPSE and modalities for disposal of movable and immovable assets of such CPSEs in a time bound manner.

from Top Business News- News18.com https://ift.tt/2sI3L1u

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