Merger of trusts under first regime with second regime ((Rationalisation of the provisions of Charitable Trusts and Institutions))

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....first is contained in the provisions of sub-clause(s) (iv), (v), (vi) or (via) of clause (23C) of section 10. The second is contained in the provisions of sections 11 to 13 of the Act. The provisions of the respective regimes lay down the procedure for filing application for approval/ registration, the conditions subject to which such approval/ registration shall be granted or can be withdrawn etc....

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....ered under the extant provisions of the first regime itself. • Approved trusts, funds or institutions would continue to get the benefit of exemption, as per the provisions of sub-clauses (iv), (v), (vi) or (via) of clause (23C) of section 10, till the validity of the said approval. • They would be eligible to apply for registration, subsequently, under the second regime. Amendments h....