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[Notification No. 49/2022/F.No.370142/6/2022-TPL] [Notification No. 85/2022/F. No. 300196/17/2022-ITA-I]

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
“(ख) व् यजक् त, अंतरराष् रीय सेिा कें र प्राजधकरण अजधजनयम, 2019 (2019 का 50) के अधीन यथासूजचत
अंतरराष् रीय जित् तीय सेिा कें र प्राजधकरण (पूंजी जिपणन मध् यितती) जिजनयमन 2021 या अंतरराष् रीय जित् तीय
सेिा कें र प्राजधकरण अजधजनयम, 2019 (2019 का 50) के अधीन बनाए गए ऐसे अन्द्य जिजनयमक के अनकसार पोटड
फोजलयो प्रबंधक या जिजनधान सलााकार के रुप में रजजस्ट् रीकृत ा);”।

  1. या अजधसूचना राजपत्र में इसके प्रकािन क तारीख को प्रिृत् त ाोगी।
    [अजधसूचना सं. 59/2022/फा. सं. 370142/11/2022-टीपीएल]
    नेाा सााय, अिर सजचि
    MINISTRY OF FINANCE
    (Department of Revenue)
    (CENTRAL BOARD OF DIRECT TAXES)
    NOTIFICATION
    New Delhi, the 6th June, 2022
    S.O. 2602(E).—In exercise of the powers conferred by sub-section (8A) of section 9A of the
    Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Government hereby
    specifies that in case of an,—
    (a) eligible investment fund referred to in sub-section (8A) of section 9A of the Act, the conditions
    specified in,—
    (i) clause (e), clause (f) and clause (g) of sub-section (3) of section 9A of the Act shall not apply;
    (ii) clause (k) of sub-section (3) of section 9A of the Act shall be modified in the following
    manner, namely:-
    “(k) the fund shall not carry on, or participate in, the day to day operations of any person in
    India and for this purpose the monitoring mechanism to protect the investment in such person
    including the right to appoint directors or executive director shall not be considered as
    participation in day to day operations of such person in India;”;
    (b) eligible fund manager referred to in sub-section (8A) of section 9A of the Act, the conditions
    specified in clause (b) of sub-section (4) of section 9A of the Act shall be modified in the following
    manner, namely:—
    “(b) the person is registered as a portfolio manager or an investment advisor in accordance with the
    International Financial Services Centers Authority (Capital Market Intermediaries) Regulation
    2021 as notified under the International Financial Services Centers Authority Act, 2019 (50 of
    2019) or such other regulations made under the International Financial Services Centers Authority
    Act, 2019 (50 of 2019);”.
  2. This notification shall come into force from the date of its publication in the Official Gazette.
    [Notification No. 59/2022/F. No. 370142/11/2022-TPL]
    NEHA SAHAY, Under Secy.

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