Fund as a legal concept: covers cash, cash equivalents and rights or obligations to receive or pay cash under GAAR. Fund for Chapter X-A (GAAR) purposes includes (a) any cash; (b) cash equivalents; and (c) any right, or obligation, to receive or pay, the cash or cash ... Summary
Fund as a legal concept: covers cash, cash equivalents and rights or obligations to receive or pay cash under GAAR.
Fund for Chapter X-A (GAAR) purposes includes (a) any cash; (b) cash equivalents; and (c) any right, or obligation, to receive or pay, the cash or cash equivalent, thereby extending the concept to liquid assets and enforceable payment entitlements.
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