Modification Notification No. G.S.R. 364 (E)dated April 11, 2018

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..... ification No. G.S.R. 364 (E)dated April 11, 2018 . 1. In the said Notification-para 1 (e) is replaced with the following CBDT means the Central Board of Direct Taxes constituted under the Central Board of Revenue Act, 1963. 2. Para 4 of the Notification shall be read as under: Approval for the purposes of clause (viib) of sub-section (2) of section 56 of the Act . 4. (1) A .....

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..... eding the year of investment/proposed investment. (2) (i) Application for approval under this para shall be made in Form-2 to DIPP and shall be accompanied by the documents specified therein: Provided that in case the approval is requested for shares already issued by the Startup, no application shall be made if assessment order has been passed by assessing officer for the relevant financial .....

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..... tion for approval for the purposes of section 56(2)(viib) of the Income-tax Act, 1961 1. Name of the Startup- ....................................... 2. Date of incorporation of Startup as company 3. Incorporation No-....................................... 4. Address and business location-....................................... 5. Nature of business- ............................... .....

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..... vi) Type of shares-............ (vii) Face value-............ (viii) Issue Price and date of issue- .. (ix) Amount of share premium-...... 12. Details of shares along with shareholders for which certification for exemption is sought- (i) Name(s)- .. (ii) PAN- (iii) Residential status- .. (iv) Address- (v) Number of shares- . (vi) Type of shares-......... .....

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..... f the Startup for the last three financial years (if the Startup is in existence for less than three years, then copies of Income Tax returns from the date of its incorporation); The following documents shall be submitted by the investor(s) directly to DIPP- c. Copies of income-tax return and net worth certificate of the investor for the relevant financial year. - Notification Tax Manag .....

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