Notification No. 1032E

Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme specified under section 115AC

What this is

Notification No. 1032E was published on 24 December 1993. Its subject is Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme specified under section 115AC.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.115AC	s.209

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In exercise of the powers conferred by clause (a) of sub-section (1) of section 115AC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993, for the purposes of the said clause in respect of the assessment year 1993-94 (previous year 1992-93) and subsequent assessment years.

[No. 9434/F. No. 133/189/92-TPL

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification: 243 Date of Issue : 10/9/2002 — A notification under section 115AC of the Income-tax Act, 1961 10 September 2002

← Notification No. 372 · Notification No. 1003E →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.