Amendment to section 15F substitutes clause (b) wording to emphasise continuity of the specified failure. Amendment to section 15F substitutes the phrase in clause (b) that previously referred to sponsoring or carrying on a collective investment scheme, including mutual funds, with the words 'such failure continues,' narrowing the clause to address the continuation of the specified failure rather than the prior descriptive reference to collective investment scheme sponsorship.
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.
Amendment to section 15F substitutes clause (b) wording to emphasise continuity of the specified failure.
Amendment to section 15F substitutes the phrase in clause (b) that previously referred to sponsoring or carrying on a collective investment scheme, including mutual funds, with the words "such failure continues," narrowing the clause to address the continuation of the specified failure rather than the prior descriptive reference to collective investment scheme sponsorship.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
