Single format · FV09-K21

Board resolution and option letter, migration to the Punjab IBDP 2026

Punjab replaced its policy in March 2026, and the live question on every existing file is not what the new rates are but whether to migrate . A unit drawing benefits under the 2022 policy has an entitlement running to 2029 or beyond; the 2026 policy offers a longer period and a wider menu, and the migration framework is where that trade is decided. Work the arithmetic before anyone signs an option letter.

Length
2 pages
Blanks to fill
23
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board resolution and option letter, migration to the Punjab IBDP 2026Generic; where the Detailed Schemes and Operational Guidelines dated 08.03.2026 prescribe a form, use that form and carry these paragraphs into it23 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Extract from the minutes of the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the board meeting]

OPTION UNDER THE MIGRATION FRAMEWORK OF THE PUNJAB INDUSTRIAL AND BUSINESS DEVELOPMENT POLICY, 2026

The Board noted that the Company's unit at [location, district] holds Eligibility Certificate no. [Eligibility Certificate number] dated [Date of Eligibility Certificate] under the Industrial and Business Development Policy, [2017 / 2022], and that incentives of Rs [Incentives availed to date (Rs)] have been availed to date against a sanctioned entitlement of Rs [Sanctioned entitlement (Rs)], leaving an unutilised entitlement of Rs [Unutilised entitlement (Rs)] with [Years of incentive period remaining] years of the incentive period remaining.

11 more paragraphs and tables follow in the full format.

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