Scope of 'unregistered firm' clarified: excludes firms assessed as registered firms under the corresponding assessment provision. The amendment inserts bracketed words after "unregistered firm" in clause (iii) of Section 86 to exclude an unregistered firm assessed as a registered ... Summary
Scope of 'unregistered firm' clarified: excludes firms assessed as registered firms under the corresponding assessment provision.
The amendment inserts bracketed words after "unregistered firm" in clause (iii) of Section 86 to exclude an unregistered firm assessed as a registered firm under the referenced assessment provision, thereby clarifying that such assessed firms are not to be treated as "unregistered firm" for the purposes of that clause.
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