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Cabinet approves Laying down mechanism for sale of enemy shares

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the mechanism and procedure for sale of the Enemy Shares. Details are as follows: i. ‘In principle’ approval has been accorded for sale of enemy shares under the Custody of Ministry of Home Affairs/ Custodian of Enemy Property of India (CEPI), as per sub-section 1 of section 8A of the Enemy Property Act, 1968.



This post first appeared on Tax Guru, please read the originial post: here

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Cabinet approves Laying down mechanism for sale of enemy shares

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