TMI BlogReport u/s 394A of the Companies Act, 1956- Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RDs.X X X X Extracts X X X X X X X X Extracts X X X X ..... 014. To Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Report u/s 394A of the Companies Act, 1956- Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RDs. Sir, Section 394A of the Companies Act, 1956 requires service of a notice on the Central Government wherever cases involving arrangement/co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... different. 3. An instance has recently come to light wherein a Regional Director did not project the objections of the Income Tax Department in a case under Section 394. The matter has been examined and it is decided that while responding to notices on behalf of the Central Government under Section 394A, the Regional Director concerned shall invite specific comments from Income Tax Department w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... asons for doubting the correctness of such views, the Regional Director must make a reference to this Ministry for taking up the matter with the Ministry concerned before filing the representation under Section 394A.
5. This Circular is effective from the date of issue.
Yours Faithfully,
(Vinod Sharma)
Deputy Director
Ph : 23385382 X X X X Extracts X X X X X X X X Extracts X X X X
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