TaxTMI 
TaxTMI 
Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) section 56
X X X X Extracts X X X X
X X X X Extracts X X X X
....erty based on the latest Power of Attorney, Agreement to Sale, Will, possession letter and other documents including documents evidencing payment of consideration for conferring or recognising right of ownership or transfer or mortgage in regard to such immovable property in favour of such resident. Explanation.-For the purposes of this sub-rule,- (a) "resident" means a person having physical possession of property on the basis of a registered sale deed or latest set of Power of Attorney, Agreement to Sale, Will, possession letter and other documents including documents evidencing payment of consideration in respect of a property in unauthorised colonies and includes their legal heirs but does not include tenant, licensee or p....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e said share has been allotted by the reconstructed bank under the scheme at a price specified in sub-paragraph (3) of paragraph 3 of the scheme. Explanation. - For the purposes of this sub-rule,- (a) "investor" shall have the same meaning as assigned to it in sub-clause (b) of clause (1) of paragraph 2 of the Scheme; (b) "investor bank " shall have the same meaning as assigned to it in sub-clause (c) of clause (1) of paragraph 2 of the Scheme; (c) "reconstructed bank" shall have the same meaning as assigned to it in sub-clause (d) of clause (1) of paragraph 2 of the Scheme; (d) "Scheme" means Yes Bank Limited Reconstruction Scheme, 2020.] 5[(4) any movable property, being equity shares, of a public sector company or a company, r....
X X X X Extracts X X X X
X X X X Extracts X X X X
....al Services Centres Authority (Fund Management) Regulations, 2022; and (c) "investment manager entity" means the fund manager of the original fund regulated by the respective regulation of the jurisdiction in which the original fund is located.] *********** NOTES:- 1. Inserted vide Notification No. 96/2019 dated 11-11-2019 w.e.f. 01-04-2020 2. Substituted vide NOTIFICATION NO. G.S.R. 124(E) dated 17-02-2020 w.e.f. 01-04-2020 before it was read as "(b) "unauthorised colony" means a colony or development comprising of a contiguous area, where no permission has been obtained for approval of layout plan or building plans and has been identified for regularisation of such colony in pursuance to the notification number S.O. 683(E), da....