Section 372a of companies act

This query is : Open

Rishi Vyas (Querist)
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23 May 2012 As per the provisions of Sec. 372A, the Section is not applicable on companies providing infrastructure facilities. However the term 'infrastructure' has not been defined in the Act.

Please advice as to whether the exemption is available for power generation company which is a captive power plant for one of its group comapnies?

Regards,
Rishi

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 Hi,

Can anyone tell me the Maximum penalty for non-registration of service tax.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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23 May 2012 Yes

According to the definition of RBI
infrastructure sector would be defined to include
(i) power, (ii) telecommunication, (iii) railways, (iv) road
including bridges, (v) sea port and airport, (vi) industrial
parks, (vii) urban infrastructure (water supply, sanitation and
sewage projects), (viii) mining, exploration and refining and
(ix) cold storage or cold room facility, including for farm level
pre-cooling, for preservation or storage of agricultural and
allied produce, marine products and meat.

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