Notification of Sovereign Wealth Fund under section 10(23FE) of the Income-tax Act, 1961

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ent made by it in India if the investment is made in specified infrastructure business (including business notified vide Notification No 44/2020 dated 06.07.2020, i.e., Infrastructure sub-sectors mentioned in Harmonised Master List updated as on 13.08.2018) during the period from 01.04.2020 to 31.03.2024, and held for at least three years. 2.  Specified person for this purpose has been defined to mean wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), notified Sovereign Wealth Fund (SWF) and notified Pension Funds (PF), which fulfil conditions specified in the clause or to be prescribed for the PF. 3.  In order to facilitate the process of notification of the SWF, the Board, in exercise of powers conferred u....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y notification may kindly be done, the details for which are as under: (a)          Name of the Sovereign Wealth Fund (SWF)                                   : (b)          Address of the SWF                                              ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ment of_______  (please mention name of the foreign country) and is set up and regulated under its law; (b)  the earnings of the SWF are credited either to the account of the Government of that foreign country or to any other account designated by that Government so that no portion of the earnings inures any benefit to any private person; (c)  upon dissolution, the asset of the SWF would vest in the said Government; and (d)  the SWF does not undertake any commercial activity whether within or outside India. 3.  In support of the claims made above, the following documents are attached: (a)  Documents constituting the SWF and/ or any later amendment thereto; and (b)....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the_Financial Year ________in respect of  __________(Name of the SWF) having PAN _______and notified under clause (23FE) of section 10 of the Income-tax Act, 1961 vide notification no.________ dated _________(DDMMYYYY) as under: S No Date Amount Nature [Debt/ Share Capital (Equity/ Preference)/ Unit] Rate of Dividend, if any, (Preference Share/ Unit)/ Interest (Debt) Details of the entity in which Investment made Business Trust/ Company or enterprise or entity/ Alternative Investment Fund Name PAN (1) (2) (3) (4) (5) (6) (7) (8) 1.               ....