TaxTMI 
TaxTMI 
Amendment of section 10.
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....bered, the following sub-item shall be inserted, namely:-- "(b) which has been granted a certificate as a retail scheme or an Exchange Traded Fund, and is regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022, made under the International Financial Services Centres Authority Act, 2019 (50 of 2019.) and satisfies such conditions, as may be pres....
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.... or a specified company, means a company of which such companies are subsidiary companies; (c) "subsidiary company" or "subsidiary", in relation to a holding company, means a company in which the holding company exercises or controls more than one-half of the total share capital either at its own or together with one or more of its subsidiary companies.'; (b) in clause (23C), with effect from t....
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....1956.)", the following shall be inserted, namely:-- "or clause (n) of sub-regulation (1) of regulation 2 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019.)"; (B) in clause (ii), after the words, brackets and figures "the Securities Contracts (R....
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...., the word "and" shall be omitted; (C) in sub-item (iii), for the word "or", the word "and" shall be substituted; (D) after sub-item (iii), the following sub-item shall be inserted, namely:-- "(iv) any other condition as may be prescribed; or"; (d) in clause (34A), the following proviso shall be inserted with effect from the 1st day of October, 2024, namely:-- "Provided that this clause s....