A notification
Notification No. 12/2011 was published on 25 February 2011. Its subject is A notification.
This is not the department’s typed text. The department published this one as a scanned image of a signed paper, so there is no text in the file to copy. What follows was read off that image by optical character recognition and is reproduced without correction — the mistakes you can see are the machine’s, and there may be others you cannot. It is here so the document can be found and read; it is not a substitute for the file, which is linked below. Do not quote from this page.
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2-0 THE GAZETTE OF INDIA: EXTRAORDINARY ___[Pant Sec. 3(10)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
: New Delhi, the 25th February, 2011
INCOME-TAX
S.O. 435(E).—In exercise of the powers conferred by clause (ii) in the Explanation to clause (d) of the proviso to clause (5) of section 43 of the Income-tax Act, 1961 (43 of 1961), read with Rule 6DDB of the Income-tax Rules, 1962, the
Central Government hereby notifies the United Stock Exchange of India Limited as a recognized stock exchange for the purpose of the said clause with effect from the date of publication of this notification in the Official Gazette.
2. United Stock Exchange of India Limited shall separately maintain data regarding all transactions registered in the system in which client codes have been allowed to be modified and submit a monthly statement containing details of such modified transactions to the Director General of Income-tax (Intelligence), New Delhi, in a soft copy within fifteen days from the last day of each month to which such statement relates.
3. The Central Government may, withdraw the recognition granted to the United Stock Exchange of India Limited if any of the conditions specified in Rule 6DDA of the Income-tax Rules, 1962 is violated,
4. This notification shall remain in force until the approval granted by the Securities and Exchange Board of India is withdrawn or expires, or is rescinded by the Central Government as provided in sub-rule (5) of rule 6DDB of the
Income-tax Rules, 1962.
, [Notification No. 12/2011/F.No. 142/20/2010-SO(TPL)]
RAJESH KUMAR BHOOT, Director (Tax Policy and Legislation)
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
Source: the department’s scanned file.
Source: the Income Tax Department’s own published text — its page for this instrument.