Guidelines for companies and mutual funds in respect of approved investments, for purposes of section 54EA and section 54EB of the Income-tax Act

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Full Text of the Document

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....ed 19th December, 1996*, laid down guidelines in respect of approved investments for purposes of section 54EA and section 54EB of the Income-tax Act. Subsequent to the issue of those guidelines, the Income-tax (Second Amendment) Ordinance, 1996**, has been promulgated on December 31, 1996. By virtue of section 2 of the Ordinance, shares issued by a public company have been included in the investme....