https://www.taxtmi.com/notifications?id=135068 Rule 41 is amended to change cross references, omit a clause and renumber sub rules. The substituted sub rule (7) requires the Regional Director to record objections in writing, hold hearings within thirty days, obtain an affidavit recording any consensus, and pass a reasoned order approving or rejecting the conversion within thirty days of the hearing. If no consensus arises, the Regional Director may still approve conversion if satisfied it is not against the company's interests and not to evade the Act; conversion is prohibited where any inquiry, inspection, investigation or prosecution under the Act is pending. en-us Mon, 25 Jan 2021 00:00:00 +0530 Mon, 25 Jan 2021 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135068 Rule 41 is amended to change cross references, omit a clause and renumber sub rules. The substituted sub rule (7) requires the Regional Director to record objections in writing, hold hearings within thirty days, obtain an affidavit recording any consensus, and pass a reasoned order approving or rejecting the conversion within thirty days of the hearing. If no consensus arises, the Regional Director may still approve conversion if satisfied it is not against the company's interests and not to evade the Act; conversion is prohibited where any inquiry, inspection, investigation or prosecution under the Act is pending. Notifications Companies Law Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135068