new process of registration under 12AB

[rahul saxena]

We have applied for renewal under sec 12A during oct 2020 (before the extension was made uptill march 2021 and introduction of the new scheme wef june 2021) and got the provisional renewal no in april 2021 but it says the registration is under sec 12A(1)(ac)(vi) .Now sec 12AB says all the registrants under sec 12A need to apply afresh so does it means that even if one gets provisionally registered (though it was an existing 12A institution under old scheme) under sec 12A it has to apply afresh??

AI Summary

Fresh Application Required for Section 12AB Registration Despite Provisional Renewal Under Section 12A(1)(ac)(vi) A user inquired about the need to reapply for registration under section 12AB after receiving provisional renewal under section 12A(1)(ac)(vi). They had applied for renewal in October 2020, before the extension to March 2021 and the introduction of the new scheme in June 2021. Despite being an existing 12A institution, they questioned whether a fresh application was necessary. The reply from another participant suggested that, in their view, a fresh application is indeed required under the new section 12AB regulations.