https://www.taxtmi.com/notifications?id=128055 The amendment substitutes the notification wording to provide that consideration received by a company from an investor for issue of shares that exceeds face value is conditioned on approval by the Central Board of Direct Taxes under the referenced notification as modified, replacing prior reference to approval by the Inter Ministerial Board of Certification; the amendment operates retrospectively and is accompanied by an explanatory memorandum that no person shall be adversely affected. en-us Thu, 31 Jan 2019 00:00:00 +0530 Wed, 22 May 2019 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128055 The amendment substitutes the notification wording to provide that consideration received by a company from an investor for issue of shares that exceeds face value is conditioned on approval by the Central Board of Direct Taxes under the referenced notification as modified, replacing prior reference to approval by the Inter Ministerial Board of Certification; the amendment operates retrospectively and is accompanied by an explanatory memorandum that no person shall be adversely affected. Notifications Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128055