Income-tax (Fifth Amendment) Rules, 2012 - Insertion of rule 2F.

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....axes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (5th Amendment) Rules, 2012. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, after rule 2E, the following rule shall be inserted, namely:- "Guidelines for setting up an In....

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....he project authority for ensuring compulsory buy out and termination payment. (3) The Infrastructure Debt Fund shall issue rupee denominated bonds or foreign currency bonds in accordance with the directions of Reserve Bank of India (RBI) and the relevant regulations under the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000, as ame....

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....roject belonging to a group at any time, shall not exceed twenty per cent, of the corpus of the fund. (7) No investment shall be made by the Infrastructure Debt Fund in any project where its sponsor or the associate enterprise or the group of such sponsor has a substantial interest. (8) The Infrastructure Debt Fund shall file its return of income as required by sub-section (4C) of section 13....

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....nancial Company (Reserve Bank) Directions, 2011; (iv)  "corpus" means the total funds of the Infrastructure Debt Fund raised for the purpose of investment; (v)  "group" means a group as defined in clause (mm) of section 2 of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. (vi)  a person shall be deemed to have substantial interest in - (a)  ....