Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Repeal of prior depository receipt scheme preserves actions taken under it as taken under the new scheme. The Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 is repealed except to the extent relating to Foreign Currency Convertible Bonds, and any action taken under the 1993 Scheme shall be deemed to have been done under the corresponding provisions of the Depository Receipts Scheme, 2014.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal of prior depository receipt scheme preserves actions taken under it as taken under the new scheme.
The Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 is repealed except to the extent relating to Foreign Currency Convertible Bonds, and any action taken under the 1993 Scheme shall be deemed to have been done under the corresponding provisions of the Depository Receipts Scheme, 2014.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.