Research expenditure reporting expanded to additional senior recipients and requires prescribed account maintenance, audit and reporting conditions. The Bill inserts references to Principal Chief Commissioner or Chief Commissioner as acceptable recipients of prescribed authority reports concerning approval of research and development facilities, and replaces a narrow audit requirement with a broader obligation that companies must enter into an agreement with the prescribed authority and fulfil prescribed conditions regarding maintenance and audit of accounts and furnishing of reports.
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.
Research expenditure reporting expanded to additional senior recipients and requires prescribed account maintenance, audit and reporting conditions.
The Bill inserts references to Principal Chief Commissioner or Chief Commissioner as acceptable recipients of prescribed authority reports concerning approval of research and development facilities, and replaces a narrow audit requirement with a broader obligation that companies must enter into an agreement with the prescribed authority and fulfil prescribed conditions regarding maintenance and audit of accounts and furnishing of reports.
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