Question

According to the amendment of the MRTP Act under NIP, 1991, the requirement for large companies to seek the prior permission of the Union government for the following had been eliminated.

• A. Expansion and establishment of new undertakings
• B. Merger and amalgamations
• C. Takeover and appointment of Directors
• D. All the above

Answer 1

The correct option is D All the above

Amendment of the MRTP act helped to remove restrictions and controls which were put on the industrial sector before 1991. According to the amendment of the MRTP Act under NIP, 1991, the requirement for large companies to seek the prior permission of the Union government for the following had been eliminated:-

a) Expansion and establishment of new undertakings

b) Merger and amalgamations

c) Takeover and appointment of Directors.Hence, option (D) is the correct answer.