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Approval of the fund

Rule 10VA - Rule - Part D. - Special cases - Income-tax Rules, 1962 - Rule 10VA - 1[10VA. .- (1) An investment fund may at its option seek approval of the Board regarding its eligibility for the purposes of section 9A. (2) The fund seeking approval m .....

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application and submit its recommendations regarding grant of approval or otherwise and the conditions, if any, subject to which such an approval is to be granted. (5) The committee referred to in sub-rule(4) shall be headed by a Principal Chief Comm .....

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the recommendations of the committee, shall, within sixty days from the end of the month in which the application under sub-rule (2) has been made,- (i) by an order in writing, grant approval to the fund subject to such conditions as it may deem fit; .....

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oard may withdraw the approval granted to any fund, if it is satisfied that, - (a) the approval has been obtained on the basis of misrepresentation of facts or fraud ;or (b) the conditions mentioned in section 9A are not fulfilled; or (c) any conditi .....

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Substituted vide Notification 19/2018 - Dated 11-04-2018, before it was read as, "Member (Income-tax), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, North Block, New Delhi" - Statutory Provisions, Acts, Rules, .....

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