Ramayan Enterprise is a textiles firm which possesses assets worth Rs. 50 lakhs and is located in Surat where no firm having any legal dispute is permitted to operate. The firm agreed to deposit Rs. 1 lakh and give details of three guarantors with their personal details as required. It has got grade – A certificate and can submit an environment clearance certificate issued by the Pollution Control Board of the state.
Explanation:
Ramayan Enterprise satisfies all the given conditions as explicitly mentioned in the question. Condition II gets satisfied because it is given that the firm is located in Surat, where no firm having a legal dispute is permitted to operate. Therefore, it can be inferred that Ramayan Enterprise does not have legal dispute against it. Since it satisfies all 6 conditions, the license can be issued to it.
Hence, option (a).
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