Amendment of section 56.

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..... 1st day of October, 2009, namely: '( e ) "relative" means, ( i ) in case of an individual ( A ) spouse of the individual; ( B ) brother or sister of the individual; ( C ) brother or sister of the spouse of the individual; ( D ) brother or sister of ei .....

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..... eds the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value of the shares: Provided that this clause shall not apply where the consideration for issue of shares is received ( i ) by a venture capital undertaking from a venture capital company or a venture capital fund; or ( ii ) by a .....

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..... tal company", "venture capital fund" and "venture capital undertaking" shall have the meanings respectively assigned to them in clause ( a ), clause ( b ) and clause ( c ) of Explanation 1 to clause ( 23FB ) of section 10;' - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagement .....

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