Appointment of Chairman: central government appoints new SEBI chairman for a three-year term commencing on assumption of office.
Central Government, invoking Section 4 of the Securities and Exchange Board of India Act, 1992 read with rule 3 of the related service rules, appoints Shri S.S. Nadkarni as Chairman of SEBI for a fixed three-year tenure commencing on the date he assumes office, following acceptance of the prior chairman's resignation.

Tax-exempt bonds specified for Konkan Railway carry registration condition for holders to secure tax benefit.
Central Government specifies 10.5 per cent. Series 2-A tax-free bonds to be issued by Konkan Railway Corporation Limited as exempt under the relevant item of section 10 of the Income-tax Act, identifying series, serial range and aggregate issuance. The notification makes the tax benefit conditional on the bondholder registering his name and holding with the Corporation.

Tax-free bonds issuance by Konkan Railway specified; tax exemption conditioned on holder registration for entitlement.
Central Government specifies issuance of tax-exempt bonds by Konkan Railway Corporation Limited under the exemption provision 10(15)(iv)(h) of the Income-tax Act, designating specific series as "tax-free bonds" and conditioning the tax benefit on the bondholder registering his name and holdings with the Corporation.

Approval as Housing Finance Company recognized under income-tax provisions, subject to ongoing compliance with section 36(1)(viii) requirements.
Approval of M/s. Parashwanth Housing Finance Corporation Limited as a Housing Finance Company under section 36(1)(viii) of the Income-tax Act, 1961 is notified for the assessment years 1987-88 and 1991-92 to 1994-95. The approval is subject to the condition that the company shall conform to and comply with the provisions of section 36(1)(viii) of the Income-tax Act, 1961.

Tax exemption notification conditions charitable recognition on exclusive application of income and permitted investment modes.
Notification under 10(23C)(v) recognizes Mar Thoma Syrian Church of Malabar for specified assessment years subject to conditions: income must be applied or accumulated solely for institutional objects; investments or deposits must be in permitted forms for charitable funds (excluding non permitted placements other than certain maintained movable contributions); and business profits are excluded from the notification unless the trade is incidental to objectives and maintained with separate books of account.

Customs effective rate amendment: ad valorem duty imposed on goods of Chapter 27 by notification amendment.
An amendment to the customs tariff notification adds a table entry prescribing an ad valorem effective rate for all goods under Chapter 27. Exercising powers under Section 25 of the Customs Act, the Central Government inserted a new row in the annexed table of Notification No. 35/90-Customs identifying the tariff heading, scope ("All goods") and the ad valorem duty basis, thereby fixing the effective rate for the cited goods.

Tax exemption notification under section 10(23C)(v) recognizes a religious institution subject to prescribed compliance conditions.
Notification under section 10(23C)(v) recognizes Samastha Kerala Jam Iyyathul Ulama, Calicut, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; funds (except certain voluntary contributions kept as tangible items) may be invested only in forms allowed by the Act; and income from business is excluded unless incidental to institutional objectives and accounted for in separate books.

Exemption under section 35AC: specified corporate projects approved for tax relief subject to notified costs and time limits.
Specification under section 35AC designates corporate projects as eligible for tax exemption by naming the sponsoring companies, describing project activities and locations, and fixing maximum approved costs for each project. The notification also prescribes that the approval for the first project applies for one assessment year and the second project for two assessment years, and lists the specific villages for the school construction project in an annexure.

Exemption under section 35AC: government approves specific charitable projects with designated maximum costs and time limits.
Approval of institutions and specified projects for tax exemption under section 35AC, listing each approved project, its eligible description, the maximum approved project cost, any conditional requirements (such as state agency clearance or free provision of services), and the time limited duration of each approval for the relevant assessment years.

Council composition and committee structure revised to tighten re election limits and require non member representation with board approval.
SEBI substituted Article 105 to vest management in a Council of Management and amended Article 106 to change qualification wording and add a proviso barring persons elected for two consecutive Council terms from offering for re-election for two years. Article 130 was revised to rename and allocate Disciplinary and Grievance Committee roles, add a Grievance Committee, and require that committees include a specified minority of exchange members with the balance nominated from non-members subject to prior Board approval.

Section 35AC rescission removes a duplicate project entry and amends the published project allocation in the notifications.
The Central Government rescinds the entry against Serial number 4 (lines 6-9) of Notification No. S.O. 729(E) dated 29-9-1993 because Helpage India's project was already published in Notification No. S.O. 602(E) dated 12-8-1993, and substitutes the allocation figure against Serial number 12 relating to Helpage India in S.O. 602(E) with a corrected figure by Notification No. 9453 dated 11-1-1994.

Tax-exemption notification recognizes a veterans' fund as eligible under income-tax provision for the assessment year.
Notification under the Income-tax Act confers tax-exempt recognition on Amalgamated Tamil Nadu Shares of Post War Services Reconstruction Fund and Special Fund for Ex-servicemen Fund, Madras, by operation of sub-clause (iv) of clause (23C) of section 10 for the specified assessment year, the Central Government exercising its statutory power to notify the entity as eligible under the tax-exemption framework.

Customs tariff amendment sets revised duty treatments and exemptions for specified imports from Bangladesh under statutory powers.
Amendment substitutes a revised tariff Table in Notification No. 290/90-Cus under section 25(1) of the Customs Act, 1962, prescribing specific duty treatments for identified tariff headings for imports from Bangladesh: certain headings receive nil duty while defined leather, paper and jute carpet headings attract specified ad valorem duties as listed in the substituted Table.

Tariff amendments for Bangkok Agreement imports impose specified customs duty rates on listed goods from designated partner countries.
Central Government amends Notification No. 252/90-Customs by substituting the Table to prescribe customs duty treatment for imports from Bangladesh, Korea and Sri Lanka under the Bangkok Agreement. The new Table lists tariff headings and corresponding duty treatment: some entries are nil while others are subject to specified ad valorem duty rates, with certain subheadings and product-specific distinctions noted (including particular transformer categories and parts).

Urbanisation area specification: adjoining territories designated outside municipal or cantonment limits for income tax definitions.
Central Government notification designates, for Income-tax Act purposes, the areas listed in the attached schedule as falling outside the local limits of the relevant municipality or cantonment board by reference to measured distances, named villages/mouzas, or specified road corridors. The notification takes effect from publication in the Official Gazette, uses municipal/cantonment limits as existing on that date, defines "Municipality" by a population threshold in the Explanation, and expressly supersedes an earlier notification.

Warehousing amendment removes restriction that limited removals from Paradeep storage tanks to bunkering, not for home consumption.
Amendment to Notification No. 299/83-C.E. deletes from paragraph 2 the words limiting removal of products from Paradeep storage tanks to bunkering of ships and excluding such removal for purposes of home consumption, pursuant to sub rule (2) of rule 49 and rule 139 of the Central Excise Rules, 1944.