https://www.taxtmi.com/article/detailed?id=10020 A proviso is a clause appended to a statutory provision that introduces a qualification, exception, or limiting condition to the main enactment and must be construed in relation to the subject-matter it qualifies; multiple provisos are read sequentially with later provisos prevailing if repugnancy arises. Provisos ordinarily qualify rather than independently enact, but may sometimes have substantive effect depending on drafting intent; interpretation seeks a harmonious reading that gives effect to both the principal provision and its provisos while preserving legislative objective. en-us Thu, 23 Sep 2021 13:41:25 +0530 Thu, 23 Sep 2021 13:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10020 A proviso is a clause appended to a statutory provision that introduces a qualification, exception, or limiting condition to the main enactment and must be construed in relation to the subject-matter it qualifies; multiple provisos are read sequentially with later provisos prevailing if repugnancy arises. Provisos ordinarily qualify rather than independently enact, but may sometimes have substantive effect depending on drafting intent; interpretation seeks a harmonious reading that gives effect to both the principal provision and its provisos while preserving legislative objective. Articles Corporate Laws / IBC / SEBI Thu, 23 Sep 2021 13:41:25 +0530 https://www.taxtmi.com/article/detailed?id=10020