Amendment of section 47.

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....ard of India Act, 1992 (15 of 1992.) or", the words, brackets and figures "regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022, made under the" shall be inserted; (b) after clause (viic), the following clause shall be inserted with effect from the 1st day of April, 2024, namely:-- '(viid) any transfer of a capital asset, being conversion o....

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....ed special purpose vehicle, to a resultant fund on or before the 31st day of March, 2023, where consideration for such transfer is discharged in the form of share or unit or interest in the resulting fund in the manner specified therein. It is proposed to extend the said date for transfer of assets of the original fund, or of its wholly owned special purpose vehicle, to a resultant fund in case o....