Specified pension fund status for OMERS Administration Corporation conditioned on compliance, reporting, non-inurement and investment restrictions. The Central Government designates OMERS Administration Corporation as a specified person under clause (23FE) of section 10, making its eligible investments in India tax-exempt through the specified period, subject to conditions including timely filing of returns, furnishing Form No. 10BBC, quarterly investment reporting in Form No. 10BBB, maintenance of segmented accounts, regulation under Ontario law, restricted asset use and non-inurement to private persons, prohibition on loans for investing in India, limited non-core asset allocation, and non-participation in day-to-day investee operations; breach of conditions removes eligibility.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified pension fund status for OMERS Administration Corporation conditioned on compliance, reporting, non-inurement and investment restrictions.
The Central Government designates OMERS Administration Corporation as a specified person under clause (23FE) of section 10, making its eligible investments in India tax-exempt through the specified period, subject to conditions including timely filing of returns, furnishing Form No. 10BBC, quarterly investment reporting in Form No. 10BBB, maintenance of segmented accounts, regulation under Ontario law, restricted asset use and non-inurement to private persons, prohibition on loans for investing in India, limited non-core asset allocation, and non-participation in day-to-day investee operations; breach of conditions removes eligibility.
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