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of <h1>Section 332 preserves nonprofit registration rights, clarifies provisional timelines, trust asset rules, tax on accreted income, and extended validity</h1> Section 332 preserves eligibility for registration of non-profit entities subject to charitable/public religious purposes and assets held in irrevocable trust, discretionary condonation of delay, tax on accreted income for uncured delays, and extended ten-year validity for lower-income applicants. Key Act vs Bill changes: the Act shortens provisional-registration decision time from three months to one, narrows the trigger for object-change filings to modifications that do not conform to registration conditions, omits the Bill's explicit 'or both' phrasing (charitable and religious), replaces a narrower cross-reference with a broader procedural phrase, and directs enquiries to satisfy genuineness first and compliance only as material, largely narrowing administrative scope.
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