Tax exemption under section 10(23C)(v) notifies charitable status subject to application, investment, and business accounting conditions.
Notification under section 10(23C)(v) designates Sri Manmaharaja Niranjana Jagadguru Sri Mallikarjuna Murugharajendra Mahaswaminam Sri Bruhanmatha for the purpose of that sub-clause for assessment years 1989-90 to 1991-92, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments and deposits are restricted to permitted modes except voluntary contributions held as jewellery or furniture; and business income is excluded unless incidental and maintained in separate books.

Company eligibility for stock exchange membership requires statutory formation, director-shareholder control, regulatory financial compliance and experienced directors.
The amendment permits a company formed under the Companies Act to be elected as a stock exchange member if it complies with Companies Act formation requirements, undertakes to meet SEBI-specified financial norms for registration, has a majority of directors who are shareholders with at least forty percent of paid-up equity held by those directors or the appointing body corporate, ensures directors are not disqualified or connected with previously defaulting or expelled member companies, and has at least two directors with requisite experience in securities dealing, portfolio management, or investment consulting.

Customs exemption amendment: magnetic buttons added to specified imported goods for leather industry by government notification.
The Central Government amended Notification No. 267/89-Customs by Notification No. 293/92-Cus to insert a new Sl. No. 7 in the Table annexed to the original notification, specifying "Magnetic Buttons" as an added item of imported goods eligible under the exemption for use in the leather industry.

Notification under section 10(23C)(iv) confirms charitable status for Hamdard Dawakhana for specified assessment years for tax purposes.
The Central Government, invoking the powers under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, notifies Hamdard Dawakhana, New Delhi as covered by that sub-clause for the assessment years 1988-89 and 1989-90, thereby recognising the institution for the statutory purpose of that provision.

Warehousing station designation: Village Koregaon Bhima designated under Customs Act to operate as a customs-controlled storage facility.
Declaration under statutory authority designates Village Koregaon Bhima in Shirur Taluka, Pune, Maharashtra as a warehousing station by notification exercising powers under section 9 of the Customs Act, 1962, bringing the village within the customs framework for warehousing operations and customs-controlled storage.

Insider trading prohibition bars trading or disclosure of unpublished price sensitive information, enabling regulatory investigation and corrective directions.
Prohibition on insider trading forbids insiders from dealing in securities, communicating, or counselling based on unpublished price sensitive information; connected persons and various intermediaries are defined as insiders. The Board may investigate on written complaints or suo motu, appoint investigating authorities or auditors, compel production of documents and cooperation, receive reports, hear explanations, and issue directions to restrict trading, prevent disposal of improperly acquired securities, and restrain communications, without prejudice to criminal prosecution and with a right of appeal to the Central Government.

Exemption under section 35AC approved for a total literacy project, conditional on equal benefit for nomadic tribals.
Approval under section 35AC is granted to Rural Litigation and Entitlement Kendras (RLEK), Dehra Dun for a Total Literacy project targeting nomadic Gujjars in Western Uttar Pradesh; the notification specifies the institution, the eligible scheme, an estimated project cost, and makes the approval subject to a three year temporal limitation and the condition that benefits be equally available to all nomadic tribal communities of Western Uttar Pradesh.

Tax notification under section 10(23C)(v) grants exemption to a trust subject to application, investment and business conditions.
Notification under section 10(23C)(v) notifies Arpana Trust, Madhuban, Karnal, Haryana, as eligible for the sub-clause for assessment years 1991-92 to 1993-94, subject to conditions that income be applied or accumulated wholly and exclusively to the trust's objects, that funds be invested only in forms specified in section 11(5) (except certain retained voluntary contributions), and that business income is excluded unless incidental to objectives with separate books maintained.

Amendment to SEBI notification: substitution of appointee entry resulting in appointment of Joint Secretary in Ministry of Finance.
Central Government, under sub-section (1) of section 4 of the Securities and Exchange Board of India Act, 1992, amends Notification No. S.O. 147(E) by substituting the entry at serial number 2 to name Dr. Y. Venugopal Reddy as Joint Secretary, Ministry of Finance, Department of Economic Affair, Government of India; effected by S.O. 821(E) dated 5th November, 1992, F. No. 20(3)SE/92.

Life-saving drugs exemption amended to substitute specified drug entries in existing customs exemption notifications schedules.
Central Government amends specified customs exemption notifications by substituting listed entries in their annexed schedules: replacing certain serial entries with Dobutamine Hydrochloride Injection and Idarubicine Hydrochloride Injection in one notification, substituting Ceftriaxone Sodium Injection in another, and substituting Ethambutol Hydrochloride in a third, effectuating textual changes to the descriptions of lifesaving drugs under the existing exemption schedules.

Definition of goods expanded to include computer software supplied free by foreign buyers for export-related orders.
The amendment substitutes clause (ii) in the Explanation to Notification No. 205/92-Cus., defining Goods to include raw materials, components, intermediates, consumables, parts, packing materials, patterns, drawings, jigs, tools, fixtures, moulds, tackles, instruments and computer software directly related to an export order and supplied free of cost by the foreign buyer.

Customs exemption scope expanded: permitted inputs for manufacture of export product expressly include raw materials, components, intermediates, consumables, software.
The amendment substitutes sub clause (a) of clause (iv) in the Explanation to Notification No. 204/92 Cus., specifying that the goods covered for manufacture of export products are raw materials, components, intermediates, consumables, computer software and parts.

Customs exemption for export manufacture expanded to expressly include inputs, consumables and computer software for production uses.
The amendment substitutes the Explanation to clause (iii)(a) of the notification to permit exemption for raw materials, components, intermediates, consumables, computer software and parts required for manufacture of export products, clarifying the category of inputs eligible for concession under the notification.

Excise exemption for cigarette quality-control samples permitted subject to laboratory testing, destruction or reintegration, quantity limits and recordkeeping.
Exemption from whole excise duty is granted for cigarette samples used for quality control testing in the manufacturer's factory laboratory, provided remnants after testing are returned to production or destroyed in the presence of central excise officers, quantity limits based on the preceding year's duty-paid home consumption clearances are respected, and the manufacturer maintains accounts of all such samples as specified by the Collector of Central Excise.

Tariff classification amendment replaces a single tariff heading with two subheadings under central excise notification.
Central Government exercises powers under section 5A(1) of the Central Excises and Salt Act, 1944 to amend Notification No.171/70-Central Excises by substituting the tariff figure in column (2) against the specified serial entry in the annexed TABLE with two distinct tariff subheadings, thereby updating the tariff references in the exemption schedule.

Specified bonds under section 80L require transferee notification to issuer within prescribed period to claim tax benefit.
Central Government specifies a fixed-term secured, redeemable, non-convertible bond issue of the National Thermal Power Corporation Limited as eligible for deduction under the relevant statutory provision; the tax benefit on transferred bonds is admissible only if the transferee notifies the issuer by registered post within sixty days of transfer, and the specification is effective for the assessment year commencing 1 April 1992 and subsequent years.

Specified tax benefit for secured non-convertible bonds requires transferee to notify issuer within prescribed period.
The Central Government specifies the 7 year 17% Secured Redeemable Non Convertible Bonds VII issued by the National Thermal Power Corporation Limited as qualifying under section 80L(1)(ii). The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer. The specification is effective for the assessment year commencing 1 April 1992 and subsequent years.

Tax-free bond specification: exemption granted for specified secured redeemable non-convertible bonds subject to holder registration.
Specification under section 10(15)(iv)(h) designates the 10 year 9 per cent tax free secured redeemable non convertible bonds issued by the National Thermal Power Corporation Limited as eligible for the tax exemption, subject to the condition that the holder registers his name and holding with the corporation; the specification takes effect for the assessment year commencing 1 April 1992 and subsequent years.

Exchange rate determination for export goods set by notification under Customs Act, prescribing listed currency conversions for use.
The Central Government, under section 14(3)(a)(i) of the Customs Act, issues a notification prescribing fixed conversion rates for specified foreign currencies into Indian currency for export-related purposes. The notification includes a Schedule listing each foreign currency and its corresponding rate, and states an effective commencement date for application of those rates to customs export transactions.

Exchange rate determination: prescribed conversion rates for specified foreign currencies for stamp duty and customs valuation.
The Central Government prescribes the rate of exchange for specified foreign currencies for the purposes of calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act insofar as they relate to imported goods, superseding the earlier notification and fixing each listed currency's equivalent to Rs. 100 in the Schedule for statutory and customs conversion purposes.