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MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION) NOTIFICATION New Delhi, Dated: The 11th May, 2001 S.O. 414 (E).. In exercise of the powers conferred by subsection (3)
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In exercise of powers refers to the authority and discretion given to individuals or entities to take actions or make decisions within a specified legal or regulatory framework.
Individuals or entities that have been granted specific authority under a legal or regulatory framework, which may include government officials, corporations, and organizations, are required to file in exercise of powers.
To fill out in exercise of powers, one typically needs to complete a designated form that outlines the specific actions taken, the authority exercised, and any relevant details that comply with the governing regulations.
The purpose of in exercise of powers is to ensure transparency, accountability, and adherence to legal obligations when individuals or entities make decisions or take actions under their granted authority.
The information that must be reported typically includes the nature of the action taken, the legal basis for the authority, dates of the action, and any applicable outcomes or consequences related to the exercise of powers.
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