https://www.taxtmi.com/acts?id=3779 Prescribes the procedure for approval of a Mutual Fund for tax exemption or relief, with the Central Board of Direct Taxes as the prescribed authority. The Mutual Fund must apply in Form No. 59A before the public issue, supported by audited financial statements and a SEBI registration certificate. It must invest its paid-up capital within specified time limits, file an accountant's certificate of yearly investments, and may face withdrawal of approval for non-compliance with the investment or certification requirements. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 19 May 2026 17:25:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3779 Prescribes the procedure for approval of a Mutual Fund for tax exemption or relief, with the Central Board of Direct Taxes as the prescribed authority. The Mutual Fund must apply in Form No. 59A before the public issue, supported by audited financial statements and a SEBI registration certificate. It must invest its paid-up capital within specified time limits, file an accountant's certificate of yearly investments, and may face withdrawal of approval for non-compliance with the investment or certification requirements. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3779