https://www.taxtmi.com/notifications?id=135531 Specification names Norfund, Government of Norway as a specified person eligible for exemption for investments made in India within the notified period, contingent on compliance with conditions including timely income-tax return filing, statutory audit and submission of a prescribed audit report, quarterly electronic investment statements, and maintenance of segmented accounts. Additional conditions require continued government ownership and regulation under Norwegian law, earnings to vest with the government or its designated account with limited exceptions for creditor payments, prohibition on borrowings for India-directed investments, non-participation in investee day-to-day operations while permitting monitoring and director appointment rights, and forfeiture of exemption upon any breach. en-us Mon, 19 Apr 2021 00:00:00 +0530 Sat, 12 Jul 2025 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135531 Specification names Norfund, Government of Norway as a specified person eligible for exemption for investments made in India within the notified period, contingent on compliance with conditions including timely income-tax return filing, statutory audit and submission of a prescribed audit report, quarterly electronic investment statements, and maintenance of segmented accounts. Additional conditions require continued government ownership and regulation under Norwegian law, earnings to vest with the government or its designated account with limited exceptions for creditor payments, prohibition on borrowings for India-directed investments, non-participation in investee day-to-day operations while permitting monitoring and director appointment rights, and forfeiture of exemption upon any breach. Notifications Income Tax Mon, 19 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135531