Administrator vacatur timing linked to redemption or notified date, and transitional tax exemption period extended. The Administrator must vacate office immediately on redemption of all schemes and payment to investors or from a date notified by the Central Government ... Summary
Administrator vacatur timing linked to redemption or notified date, and transitional tax exemption period extended.
The Administrator must vacate office immediately on redemption of all schemes and payment to investors or from a date notified by the Central Government in the Official Gazette, whichever is earlier; the transitional tax exemption for the specified undertaking is extended by substituting the prior terminal date with a later terminal date, both amendments effective from the stated commencement date.
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