Tax exemption under section 10(23C)(via) granted to health centre subject to application, investment and reporting conditions.
Notification under section 10(23C)(via) notifies Dr. Vidhya Sagar Kaushalya Devi Memorial Health Centre, New Delhi for assessment years 1999-2000 to 2001-2002 subject to conditions: apply income wholly to objects; invest funds only in modes specified in section 11(5) (excluding certain tangible voluntary contributions); exclude business income unless incidental with separate books; regularly file returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Tax exemption notification under section 10(23C)(iv) grants charitable recognition subject to compliance and operational conditions.
Notification recognizes the Council for Social Development under section 10(23C)(iv) for assessment years 1998-99 and 1999-2000 subject to conditions: apply or accumulate income exclusively to its objects; limit investments to modes specified in section 11(5) except certain voluntary contributions in kind; business income excluded unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Tax exemption under section 10(23C)(iv): Indian Institute of Foreign Trade notified subject to specified operational conditions.
Notification under section 10(23C)(iv) notifies the Indian Institute of Foreign Trade, New Delhi, for the specified assessment years subject to conditions requiring application of income wholly to institutional objects; investment of funds only in permitted forms (except voluntary contributions retained as tangible items); exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a similar charitable organisation.

Tax exemption under section 10(23C)(iv) limited by application, investment, business and dissolution conditions for notified entity.
Notifies tax-exempt status for the Gem & Jewellery Export Promotion Council, Mumbai for assessment years 1995-96 to 1996-97 subject to conditions: apply or accumulate income solely to its objects; limit investments to legally permitted modes (except voluntary contributions in kind); exclude business profits unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a similar charitable organisation.

Tax exemption under section 10(23C)(iv) granted to Bhartya Adim Jati Sevak Sangh subject to charitable compliance conditions.
Notification designates Bhartya Adim Jati Sevak Sangh, New Delhi, as eligible for tax exemption under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income solely for its objects; restrict investments and deposits to modes permitted by the Act (except certain voluntary contributions retained in kind); exclude business profits unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Tax exemption under section 10(23C)(vi) granted to a religious institute, subject to application, investment and accounting conditions.
Notification grants the Catholic Institute of Carmelite Sisters, Jalandhar income-tax exemption under sub-clause (vi) of clause (23C) of section 10 for specified assessment years, subject to conditions that income be applied or accumulated exclusively for its objects; investments be limited to permitted forms; business income be eligible only if incidental and kept in separate books; regular filing of returns; and on dissolution surplus assets transfer to a like-minded charitable organisation.

Tax exemption recognition for a sporting association conditioned on exclusive application of income and restricted investments.
Notification grants tax exemption recognition to Balsar District Cricket Association, Valsad for stated assessment years subject to conditions: income must be applied or accumulated exclusively for the association's objects under the applicable rules; investments of funds (other than certain voluntary contributions in notified tangible forms) must be in prescribed modes; income may not be distributed to members except as grants to affiliated institutions; business income is excluded unless incidental to objectives and maintained in separate books of account.

Anti-dumping duty on AA batteries imposed, calculated as difference between reference value and landed value.
Provisional anti-dumping duty is imposed on primary pencil cells and primary batteries of R6 (AA) size (paper and metal jacketed, excluding rechargeable) from the People's Republic of China, equal to the difference between a specified reference value and the landed value per 1000 pieces for all Chinese exporters/manufacturers; duty payable in Indian currency and effective until 5 August 2001. "Landed value" is the assessable value under the Customs Act excluding certain customs duties, and the applicable exchange rate is the Ministry of Finance rate on the bill of entry date. The notification is rescinded by Notification No.85/2001-Customs dated 6-2-2001.

Onion export quota allocated to nominated agencies under foreign trade policy, subject to prior notification terms and an export deadline.
A onion export quota of fifty thousand metric tonnes is permitted through specified nominated agencies with agency-wise allocations against the ITC(HS) entry for onions in Table B of Schedule 2; exports must be made before the prescribed deadline and are to follow the same terms and conditions as earlier notification, permitting direct exports or exports through registered exporters.

Tax exemption under section 10(23G) approved for Internet service provider, subject to compliance and audit requirements.
Approval is granted to M/s Macronet Private Limited (now Reliance Infocom Limited) for the tax exemption under section 10(23G) read with rule 2E for assessment years 2001-2002 to 2003-2004, conditional on compliance with the section and rule, including maintenance of books, audit under sub-rule (7) of rule 2E and furnishing the required audit report; the Central Government may withdraw approval if the enterprise ceases the infrastructure facility or fails the audit or reporting requirements.

Tax exemption under section 10(23G) approved for an internet service provider, conditional on compliance and audit requirements.
Approval is granted to M/s Macronet Private Limited (now Reliance Infocom Limited) for provision of internet services for specified assessment years, conditional on compliance with section 10(23G) of the Income-tax Act and rule 2E of the Income-tax Rules, including maintenance of books, obtaining an accountant's audit, and furnishing the audit report; the Central Government may withdraw approval if the enterprise ceases to provide the infrastructure facility or fails to meet the audit and reporting requirements.

Section 10(23C)(iv) exemption granted to Sri Aurobindo Society subject to exclusive application of income and compliance requirements.
Notification grants tax-exempt recognition to Sri Aurobindo Society, Calcutta subject to conditions: apply or accumulate income wholly and exclusively for charitable objects; restrict investments to permitted forms (except certain voluntary contributions in kind); treat business income as exempt only if incidental and maintained in separate books; file returns regularly; and on dissolution transfer surplus and assets to a similar charitable organisation.

Tax exemption under section 10(23C)(iv) recognised for Indian Institute of Management Lucknow subject to specified compliance conditions
Notification grants tax exemption to the Indian Institute of Management, Lucknow for assessment years 1999-2000 to 2001-2002 subject to conditions: apply or accumulate income wholly to institutional objects; confine investments and deposits to modes permitted for charitable trusts (except certain voluntary contributions retained as movable assets); treat business income as incidental with separate books; regularly file returns under the Income-tax Act; and on dissolution transfer surplus and assets to a like charitable organisation.

Customs amendment removes an Annexure condition, altering the applicability of an earlier issued exemption notification.
Central Government, exercising powers under section 25(1) of the Customs Act, 1962, amends Notification No.16/2000-Customs by deleting Condition No.79 from the ANNEXURE to that notification, thereby removing the specific requirement previously imposed by that condition and altering the scope of the related exemption provision.

Budget-day removal restrictions: permission and acknowledged application required to move excisable goods during the appointed period.
Amendment adds definitions for appointed date and appointed time and restricts removal of excisable goods from free trade zone factories and hundred percent export-oriented undertakings between the appointed time and midnight on the appointed date unless Commissioner permission is obtained and the prescribed Form A.R.1-A or A.R.1 is presented and acknowledged before 5:00 P.M. on the working day immediately preceding the appointed date; the Commissioner may permit removal subject to undertaking to pay any enhanced duty and compliance with specified conditions.

R&D tax deduction: Secretary DSIR to approve company eligibility and conditions for approval and monitoring.
The Secretary, Department of Scientific and Industrial Research is the prescribed authority to grant approval for companies carrying on scientific research and development for deduction under sub-section (8A) of section 80-IB, initially for three assessment years and, subject to satisfactory periodic review, extended so that total approval covers ten consecutive assessment years. Companies must meet eligibility criteria including registration in India, R&D as main object, adequate laboratory and prototype infrastructure, time-bound R&D programmes, exclusive engagement in technology development and transfer, timely annual filings, and comply with conditions on prototype sales, constitutional changes, extensions, cost monitoring, and documentary application requirements; approval may be withdrawn for tax avoidance or rule violations.

Compliance Certificate requirement: practising company secretary must certify and file annual statutory compliance after the AGM.
Companies (Compliance Certificate) Rules, 2001 require companies not obliged to have a whole time secretary and meeting the paid up capital threshold to obtain a Compliance Certificate from a secretary in whole time practice annually and file it with the Registrar within thirty days of the AGM (or the latest permissible AGM date if the meeting was not held). The certifying secretary is entitled to access all statutory registers, books and records and to seek information and explanations; the certificate, in the prescribed Form, must be laid before the annual general meeting and covers specified compliance items, filings, approvals and disclosures.

Change of registered office within a state: application to Regional Director for confirmation, followed by Registrar filing and record transfer.
Rule 4BBA prescribes that a company shifting its registered office within the same State must apply to the Regional Director in Form 1AD with the prescribed fee; the Regional Director must give an opportunity of being heard and issue a written confirmation within four weeks. After confirmation, the company must file the confirmation order with the concerned Registrar of Companies within two months, whereupon the originating Registrar shall update its register and transfer records to the Registrar with jurisdiction over the new registered office. Form 1AD lists required particulars, attachments and filing instructions.

SEBI notification amendment: appointment of Dr Rakesh Mohan as Member and Adviser to the Finance Minister.
Amendment to a Government of India notification under the SEBI Act substitutes the entry at serial number 2, appointing Dr. Rakesh Mohan as Member, who will serve as Adviser to the Finance Minister in the Ministry of Finance, Department of Economic Affairs.

Amendment of notification: replaces the designated SEBI member name in a statutory appointment notification under the SEBI Act.
The Central Government, exercising powers under the SEBI Act, amended notification No. 195(E) (Gazette of India, Extraordinary, Part II, Section 3(ii), dated 9 March 1992) by substituting the name "Dr. P.L. Sanjeev Reddy" with "Shri V. Govindarajan," recorded as S.O. 88(E) dated 31 January 2001, with prior amendments noted in the footnote.