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of <h1>Clarification on Section 43A(6) Exemptions: Private Companies Becoming Public Can Retain Benefits; Previous Circular Withdrawn.</h1> The circular addresses the applicability of sub-section (6) of section 43A to companies that fall under sub-sections (1A) and (1B). Initially, a private company becoming a public company under these sub-sections was deemed ineligible for exemptions under sub-section (6). However, upon reconsideration, it was clarified that such companies are indeed eligible for these exemptions. Consequently, the previous circular, No. 1/76, has been withdrawn. Companies that altered their status by removing 'Private' from their names are advised to apply for restoration of their original status and corresponding changes in their incorporation documents.
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