9911796707
TMI BlogAmendment of section 12AB.X X X X Extracts X X X X X X X X Extracts X X X X ..... without giving effect to the provisions of sections 11 and 12, does not exceed rupees five crores during each of the two previous years, preceding the previous year in which such application is made, the provisions of this sub-section shall have effect as if for the words "five years", the words "ten years" had been substituted.'; (b) in sub-section (4), in the Explanation, in clause (g), the wor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the previous year in which such application is made, the provisions of this sub-section shall have effect as if for the words "five years", the words "ten years" had been substituted. Sub-section (4) of the said section, inter alia, provides that where registration or provisional registration of a trust or an institution has been granted and subsequently, the Principal Commissioner or Commiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -section (1) of section 12A is not complete or it contains false or incorrect information. It is further proposed to amend the Explanation to the said sub-section so as to omit the words "is not complete or it" so that the incomplete application referred to in clause (ac) of sub-section (1) of section 12A, is not treated as a specified violation. These amendments will take effect from 1st April, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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