notification no. 84/2015 f.no.133/43/2015 tpl /s.o. 2877 e

[TO BE PUBLISHED IN THE GAZETTE OF INDIA. EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVE\ UE [CENTRAL BOARD OF DIRECT TAXES] (INCOME-TAX) Notification Ne\\ Delhi. the 20th October. 2015 5.0. (E),. In exercise or tile po\\ers conferred by section 295. read \\jrh clause (47) of section 10 of tile Income-tax Act. 1961 (43 of 1961). the Central Board of Direct Taxes heTeb) makes the following rules further to amend the Income-tax Rules, 1962. namely:- I. (I ) These rules may be called the lncome-tax ( 17th Amendment) Rules. 2015. (2) They shall come into force from the 14th day of May. 2015. 2. In the Income-tax Rules. 1962. in rule 2F. for sub-rules ( I) and (2). the following sub-rules shall be substituted. namely:- '\1) The Infrastructure Debt Fund shall be set up as a Non-Banking Financial Company conforming to and satisfying the conditions provided by the Reserve Bank of India in the Infrastructure· Debt Fund - Non-Banking Financial Companies (Reserve Bank) Direc.tions, 201 1, vide notification No, DNBS.J33ICGM (US)-20 11. dated the 21st No\ember. 2011 as amended \'ide 1l00ification No. DNBR.O:W. CGM (CDS) -10 \ 5. dated the 14m May. 2015, (2) The funds of the Infrastructure Debt Fund shall be invested only in Post Commencement Operation Date Infrastructure Projects which have completed at least one) ear of satisfactory commercial operations that are- (;) Pub';, Pc;",,, P,nnmhip Pwi'''' 'nd 'co a part) '0 ,c;pan;,e agc,eme'" ,,;,h ,h, <onemion.;", and the project authority for ensuring compulsory bu) out and termination payment; (ii) Non-Public Private Partnership Projects and Public Pri, ate Pannership Projects \\·ithout a project authority. in sectors where there is no project authority", [Notification No. RH--__ '20 151 F. 10 .133143/201S-TPL] ~-~:k;J (R. LAKSHMI NAR1\ YANAN) Under Secrelat) (Tax Policy and Legislation) Note.- The principal rules were published in the Gazette of India Extraordinary, part Ill, section 3. sub-section (i), vide notification number S.O. 969(E), dated the 26th March, 1962 and \\ere last amended "ide notification number S.O.!1 g-'C>'(E). dated the 19th October. 2015.