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TMI BlogCentral Government specifies the pension fund, namely, the Caisse de depot et placement du QuebecX X X X Extracts X X X X X X X X Extracts X X X X ..... ) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43of 1961) (hereinafter referred to as the Act ), the Central Government hereby specifies the pension fund, namely, the Caisse de depot et placement du Quebec, (hereinafter referred to as the assessee ) as the specified person for the purposes of the said clause in respect of the eligible investment ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the financial year, from an accountant as defined in the Explanation below sub-section (2) of section 288 of the Act and as per the provisions of clause (vi) of rule 2DB of the Income-tax Rules, 1962 ; (iii) the assessee shall intimate the details in respect of each investment made by it in India during the quarter within one month from the end of the quarter in Form No. 10BBB as per the provisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r invested by the assessee are allowed for the purpose other than the purpose listed at clause (vi) provided such assets are wholly owned directly or indirectly by the Government of Quebec, Canada and such assets vest in the Government of Quebec, Canada upon dissolution; (viii) the earnings and assets of the assessee should be used only for meeting statutory obligations and defined contributions f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee shall not have any loans or borrowings [as defined in sub-clause (b) of clause (ii) of Explanation 2 to clause (23FE) of section 10 of the Act], directly or indirectly, for the purposes of making investment in India; and (xi) the assessee shall not participate in the day to day operations of investee [as defined in clause (i) of Explanation 2 to clause (23FE) of section 10 of the Act] but ..... X X X X Extracts X X X X X X X X Extracts X X X X
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