Real estate insolvency rules require project-wise accounts, independent completion assessments and specific safeguards for allottees in resolution pla...
Non-profit merger conditions require matching registration status, transfer of obligations, audited accounts and electronic notification within the pr...
For specified income-tax purposes, mergers of registered...
Non-profit merger conditions require matching registration status, transfer of obligations, audited accounts and electronic notification within the prescribed deadline.
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For specified income-tax purposes, mergers of registered non-profit organisations require the same or similar objects and matching registration status; fully and provisionally registered organisations cannot merge with each other. Outstanding demands not under appeal must be cleared; demands under appeal must be paid by the successor when the appeal becomes final. The successor must retain its objects for five years from the end of the merger financial year, assume all assets, liabilities and obligations, and comply with prescribed investment rules. The merger must not directly or indirectly benefit related persons. Tax proceedings concerning the merging organisation continue against the successor. Both organisations must audit their accounts as at the merger date. The successor must electronically submit Form 112A with prescribed annexures within one month after the end of the merger month. The conditions take effect on 30 October 2026.
For specified income-tax purposes, mergers of registered non-profit organisations require the same or similar objects and matching registration status; fully and provisionally registered organisations cannot merge with each other. Outstanding demands not under appeal must be cleared; demands under appeal must be paid by the successor when the appeal becomes final. The successor must retain its objects for five years from the end of the merger financial year, assume all assets, liabilities and obligations, and comply with prescribed investment rules. The merger must not directly or indirectly benefit related persons. Tax proceedings concerning the merging organisation continue against the successor. Both organisations must audit their accounts as at the merger date. The successor must electronically submit Form 112A with prescribed annexures within one month after the end of the merger month. The conditions take effect on 30 October 2026.
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