https://www.taxtmi.com/acts?id=41405 Amendment revises section 72AA to allow a banking company to amalgamate with a banking institution under a Central Government sanctioned scheme under section 45(7) of the Banking Regulation Act, or with a banking institution or company after a strategic disinvestment provided the amalgamation occurs within five years from the end of the previous year in which the strategic disinvestment was carried out; it also inserts an Explanation clause defining "strategic disinvestment" by reference to the Explanation to clause (d) of sub-section (1) of section 72A. en-us Thu, 30 Mar 2023 15:37:03 +0530 Sat, 01 Apr 2023 16:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41405 Amendment revises section 72AA to allow a banking company to amalgamate with a banking institution under a Central Government sanctioned scheme under section 45(7) of the Banking Regulation Act, or with a banking institution or company after a strategic disinvestment provided the amalgamation occurs within five years from the end of the previous year in which the strategic disinvestment was carried out; it also inserts an Explanation clause defining "strategic disinvestment" by reference to the Explanation to clause (d) of sub-section (1) of section 72A. Act-Rules F. Acts / Amendment Acts Thu, 30 Mar 2023 15:37:03 +0530 https://www.taxtmi.com/acts?id=41405