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    <title>Companies (Profits) Surtax Act, 1964: Exemption from Provisions of Act to foreign companies participating with the Govt. in the productions of mineral oil</title>
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    <description>The Central Government directs that no surtax shall be payable by foreign companies which have entered into agreements for association or participation with the Government or an authorised person in businesses of prospecting for, extracting, or producing mineral oil; &#039;foreign company&#039; is as defined in the Income-tax Act and &#039;mineral oil&#039; includes petroleum and natural gas.</description>
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      <description>The Central Government directs that no surtax shall be payable by foreign companies which have entered into agreements for association or participation with the Government or an authorised person in businesses of prospecting for, extracting, or producing mineral oil; &#039;foreign company&#039; is as defined in the Income-tax Act and &#039;mineral oil&#039; includes petroleum and natural gas.</description>
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