Modification Notification No. G.S.R. 364 (E)dated April 11, 2018

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....on No. G.S.R. 364 (E)dated April 11, 2018. 1. In the said Notification-para 1 (e) is replaced with the following - "CBDT means the Central Board of Direct Taxes constituted under the Central Board of Revenue Act, 1963." 2. Para 4 of the Notification shall be read as under: Approval for the purposes of clause (viib) of sub-section (2) of section 56 of the Act. 4. (1) A Startup which ....

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.... of investment/proposed investment. (2) (i) Application for approval under this para shall be made in Form-2 to DIPP and shall be accompanied by the documents specified therein: Provided that in case the approval is requested for shares already issued by the Startup, no application shall be made if assessment order has been passed by assessing officer for the relevant financial year. (ii)....

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....poses of section 56(2)(viib) of the Income-tax Act, 1961 1. Name of the Startup- ....................................... 2. Date of incorporation of Startup as company 3. Incorporation No-....................................... 4. Address and business location-....................................... 5. Nature of business- ....................................... 6. Contact details....

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....vi) Type of shares-............ (vii) Face value-............ (viii) Issue Price and date of issue-........... (ix) Amount of share premium-...... 12. Details of shares along with shareholders for which certification for exemption is sought- (i) Name(s)-........... (ii) PAN-...... (iii) Residential status-........... (iv) Address-............ (v) Number of shares-...........