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Power to make rules. 38. (1) The Central Government may make rules for the purpose of carrying into effect the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for — (a) the authority for granting permission under the proviso to sub-clause (iii) of clause (1) of section 2; (b) the preparation of registers, records and other documents and the form and manner in which such registers, records and documents may be maintained under section 26; (c) the powers which may be exercised by an Inspector under clause (e) of sub-section (2) of section 27; (d) any other matter which is to be, or may be, prescribed. (3) Every rule made under this section shall be laid as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days, which may be comprised in one session [or in two or more successive sessions], and if before the expiry of the session immediately following the session or the successive sessions aforesaid] both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule. |
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Tax Consulting
We offer comprehensive Tax Consulting systems maintained by trained accounting professionals. This local service coul...
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Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...
Taxation Services
We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...