Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
The Central Government specifies the New Development Bank as a public financial institution for the purposes of section 2(11)(ii) of the Companies Act, 2013. The notification covers the bank established under the 15 July 2014 Fortaleza agreement among Brazil, Russia, India, China and South Africa, including its Annexe, and extends to any amendment to that agreement. The operative effect is that the New Development Bank is brought within the statutory category of public financial institution for the purposes of the said provision.
The Central Government specifies the New Development Bank as a public financial institution for the purposes of section 2(11)(ii) of the Companies Act, 2013. The notification covers the bank established under the 15 July 2014 Fortaleza agreement among Brazil, Russia, India, China and South Africa, including its Annexe, and extends to any amendment to that agreement. The operative effect is that the New Development Bank is brought within the statutory category of public financial institution for the purposes of the said provision.
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