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    <title>Amendment of section 12A.</title>
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    <description>The amendment requires trusts and institutions to obtain registration under the proposed section 12AB by filing an application to the Principal Commissioner or Commissioner within specified timelines-three months for formerly registered trusts, six months in advance for expiring or provisional registrations or inoperative registrations becoming operative, thirty days for non-conforming object modifications, and one month in other cases-and mandates that the accounts audit be completed and the audit report furnished by the specified date under section 44AB.</description>
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      <description>The amendment requires trusts and institutions to obtain registration under the proposed section 12AB by filing an application to the Principal Commissioner or Commissioner within specified timelines-three months for formerly registered trusts, six months in advance for expiring or provisional registrations or inoperative registrations becoming operative, thirty days for non-conforming object modifications, and one month in other cases-and mandates that the accounts audit be completed and the audit report furnished by the specified date under section 44AB.</description>
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