9911796707
TMI BlogRequirement for approval of institution of fund under clause (vi) of sub-section (5) of section 80GX X X X Extracts X X X X X X X X Extracts X X X X ..... y the Board; or 6 [ (b) Form No. 10AB in case of application under clause (ii) or clause (iii) or sub-clause (B) of clause (iv) of the first proviso to sub - section (5) of section 80G to the Principal Commissioner or Commissioner authorised under the said proviso. ] (2) The application under sub-rule (1) shall be accompanied by the following documents, as required by Form Nos. 10A or 10AB, as the case may be, namely:- (a) where the applicant is created, or established, under an instrument, self-certified copy of the instrument; (b) where the applicant is created, or established, otherwise than under an instrument, self-certified copy of the document evidencing the creation or establishment of the applicant; (c) self-certi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation in Form No.10A, the Principal Commissioner or Commissioner, authorised by the Board shall pass an order in writing granting approval under clause (i) or (iii) of the second proviso read with third proviso of sub-section (5) of section 80G in form 10AC and issue a sixteen digit alphanumeric Unique Registration Number (URN) to the applicants making application as per clause (a) of the sub-rule (1). (6) If, at any point of time, it is noticed that form 10A has not been duly filled in by not providing, fully or partly, or by providing false or incorrect information or documents required to be provided under sub-rule (1) or (2) or by not complying with the requirements of sub- rule (3) or (4), the Principal Commissioner or Commissioner, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order under second proviso to sub-section (5) of section 80G. (ii) be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said application made or order so passed as the case may be. ] *********** Notes:- 1. Substituted vide NOTIFICATION NO. 61/2014 dated 10th November, 2014 before it was read as , date on 2. Substituted vide NOTIFICATION NO. 60/2019 dated 05-09-2019 w.e.f. 05-11-2019 before it was read as Requirements for approval of an institution or fund under section 80G. 11AA. (1) The application for approval of any institution or fund under clause (vi) of sub-section (5) of section 80G shall be in Form No. 10G and sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rd. (6) The time limit within which the Commissioner shall pass an order either granting the approval or rejecting the application shall not exceed six months from the 1 [end of the month in] which such application was made : Provided that in computing the period of six months, any time taken by the applicant in not complying with the directions of the Commissioner under sub-rule (3) shall be excluded. 3. Substituted vide NOTIFICATION NO. 19/2021 dated 26-03-2021 w.e.f. 01-04-2021 before it was read as 2 [ Requirements for approval of an institution or fund under section 80G. 11AA (1) For approval under clause (vi) of sub-section (5) of section 80G, the institution or fund (hereinafter referred to as the applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he conditions laid down in clauses (i) to (v) of sub-section (5) of section 80G are not fulfilled, he shall record the reasons in writing and reject the application for approval after giving the applicant an opportunity of being heard. (7) The order granting approval under clause (vi) of sub-section (5) of section 80G or rejecting the application shall be passed within the period of six months from the end of the month in which such application was received. ] 4. Substituted vide NOTIFICATION NO. 34/2023 dated 30-05-2023 before it was read as, (7) In case of an application made under clause (iv) of first proviso to sub-section(5) of section 80G, the provisional approval shall be effective from date of order, as referred to in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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