Approval under section 36(1)(viii): tax reserve status subject to main-object, annual audited filings and maintenance of special reserve. Approval is granted to Vysya Bank Housing Finance Ltd. under section 36(1)(viii), subject to conditions: the company must continue to have as its main object long-term finance for residential housing; annually submit audited profit and loss account and balance-sheet with a statement of the deduction claimed by the due date for filing the return of income; create and maintain the special reserve required under the Act; and fulfill all other conditions of the provision.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 36(1)(viii): tax reserve status subject to main-object, annual audited filings and maintenance of special reserve.
Approval is granted to Vysya Bank Housing Finance Ltd. under section 36(1)(viii), subject to conditions: the company must continue to have as its main object long-term finance for residential housing; annually submit audited profit and loss account and balance-sheet with a statement of the deduction claimed by the due date for filing the return of income; create and maintain the special reserve required under the Act; and fulfill all other conditions of the provision.
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