Share application money scrutiny requires resident account-holder's satisfactory explanation to validate company credits under amended tax provision. Amendment requires that when a closely held company records credits described as share application money, share capital, share premium or similar, the resident in whose name the credit is recorded must also provide an explanation of the nature and source of the sum and such explanation must be found satisfactory by the Assessing Officer; an exception excludes persons qualifying as a venture capital fund or venture capital company from this additional requirement.