Central Government specifies Canbank (Offshore) Mutual Fund set up by Canara Bank, being a corresponding new bank under column 2 of the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), as mutual fund of a public sector bank u/s 10(23D) - S.O.20(E) - Income Tax

Central Government specifies Canbank (Offshore) Mutual Fund set up by Canara Bank, being a corresponding new bank under column 2 of the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), as mutual fund of a public sector bank u/s 10(23D) NOTIFICATION NO. S.O.20 ( E ) DATED 8-1-1992 In exercise of then powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Canbank (Offshore) Mutual Fund set up by Canara Bank, being a corresponding new bank under column 2 of the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), as mutual fund of a public sector bank for the purposes of the said clause. (Sd.) Y. K. Batra, Under Secretary (TPL-III). [No. 8979/F. No. 133/446/91-TPL]