The Union Finance Minister while presenting the Budget proposed to provide relief to small service provider.

Accordingly central Government issued Notification No. 6 !""# which provide the $asic e%emption to the service provider whose gross ta%a$le value of service provided is less than &s. ' (a)h in the last financial year i.e. !""'*"#. This is a welcome step for small service providers. +hile it is said that a$out ," per cent of the service providers will gain from the e%emption- it can $e clarified that this will not lead to fall in revenue $y ," per cent or fall in num$er of assessees $y ," per cent. .t is only e%pected that such percentage of assessees will get $enefited. /ven the Ministry of Finance has estimated a growth of more than !"0 in the revenue collection from last year on account of 1ervice Ta%. This step to provide relief to small service provider has generated various 2ueries in the mind of assessees. 3ere efforts are put in to resolve atleast some of them. Q.1 Whether the Services provided by a Chartered Accountant, which were exempted before Ist of march, 2 ! and become taxab"e afterward wi"" be inc"uded to ca"cu"ate the exemption under sma"" sca"e service provider# Ans. .t is very well clarified that only the ta%a$le services provided from .st of March to 45st March !""6 of this category will $e included to calculate the total turnover. For e%ample if M s AB 6 Associates has a turnover of &s. 7-""-""" * of e%empted category in full financial year !""#*!""6 and a ta%a$le turnover of &s. !-""-""" *. Now from &s. 7-""-""" * category- the firm provided a service of &s. 5-#"-""" * in the month of March- !""6. .t is very well clear that his total ta%a$le turnover for !""#*"6 will $e &s. 4-#"-""" * and not &s. 8-""-""" * for ta%a$le purpose as well as for calculating the e%emption under 1mall 1cale 1ervice 9rovider 1cheme. Q.2 What is the condition for avai"in$ exemption# Ans. To avail e%emption from service ta% w.e.f. 5st April !""#- i.e.- financial year !""#*"6 the assessee should not have total turnover of over &s. ' (a)h in the financial year !""'*"#. Q.% What is meanin$ of (a)h# $ross turnover or a$$re$ate turnover of &s. '

Ans. The turnover should mean the turnover or value of ta%a$le services rendered or provided $y the service provider during the year !""'*"#. .t must comprise of ta%a$le services of aggregate value not e%ceeding &s. ' (a)h in the relevant year- i.e.- previous year. Q.' Whether the "imit of &s. ' (a)h is in re"ation to net taxab"e va"ue# Ans. :es- the threshold limit of &s. ' (a)h shall $e rec)oned in relation to value of ta%a$le services as provided in section 67 of the Finance Act- 588'. The valuation method shall $e the same as is followed for ascertaining the ta% lia$ility- i.e.- gross amount charged $y the service provider for the ta%a$le services rendered- su$;ect to e%clusions and a$atements- if any. Q.* If A chartered Accountant is providin$ +axab"e Service and ,on +axab"e Service, what wi"" be the imp"ication of this exemption# Wi"" the non taxab"e part wi"" be covered under +ota" "imit# Ans. No- .n this case while calculating the e%emption limit of ' (a)h only the ta%a$le value will $e considered. .N notification No. 6 !""#- it is clearly stated in

e%planation B <reproduced $elow= that the non ta%a$le part will not $e included in total value. 9art B of e%planation to Notification No. 6 !""#>aggregate value not e%ceeding four (a)h rupees? means the sum total of first consecutive payments received during a financial year towards the gross amount- as prescri$ed under section 67 of the said Finance Act- charged $y the service provider towards ta%a$le services till the aggregate amount of such payments is e2ual to four (a)h rupees $ut does not include payments received towards such gross amount which are e%empt from whole of service ta% levia$le thereon under section 66 of the said Finance Act under any other notification. -xamp"e. @uring the Financial :ear !""'*"# A Ahartered Accountant has provided services- which were- not e%empted &s. 4-""-""" and services- which weree%empted &s. ,-""-""". +ill he $e covered under e%emption limitB Ans. Aggregate value of Total servicesC (essC /%empt service under notification &s. 55-""-"""."" &s. ,-""-""".""

/0nder ,otification ,o. *12134S+ dated 1!41 411135 Net Dalue of service U s 6#<5"#= &s. 4-""-""".""

3ence- 3e is eligi$le to avail e%emption under Notification No. 6 !""#*1T <attached $elow= for the current financial year !""#*"6. Q.! If the va"ue of taxab"e service is up to &s. ' (a)h, whether service tax shou"d not be char$ed or the amount char$ed shou"d be refunded# Ans. :es- the assessee should not charged the service ta% if he she is claiming the $enefit of e%emption. .f $y mista)e such collection has $een made the same should $e refunded $ac) to service receiver. Q.6 In case of new assessees or new services, how the "imit wi"" be ca"cu"ated# Ans. The $asic e%emption will also $e availa$le to new assessees as their previous yearEs value of ta%a$le services would $e nil. 1uch assessees will have to foresee their turnover on the $asis of e%perience and decide a$out opting for the e%emption $y filing a declaration to the Aentral /%cise @epartment. Q3 What wi"" be the status of basic exemption where the va"ue of taxab"e services in the year of exemption exceeds &s. ' (a)h#

Ans. .n case an assessee cross the $asic e%emption- he she has to paid the service ta% on the service provided $eyond $asic limit i.e. ' (a)h. Now the assessee shall have to charge- collect and pay service ta% on the amount invoiced after reaching the limit of &s. ' (a)h. For e%ample- the assessee has decided to opt for e%emption scheme and in the month of Fcto$er !""#- he finds that its turnover has e%ceeded &s. ' (a)h. For the $ills- etc.- issued up to the stage of reaching &s. ' (a)h limit for which he has already issued $ills and collected proceeds without service ta%- the e%emption will $e allowed. 3e should charge service ta% on all su$se2uent $ills issued against the services rendered and pay service ta% accordingly on the $ills so issued for the remaining part of the year. Q.1 Whether the thresho"d exemption wi"" be avai"ab"e to a"" service providers# Ans. :es- .n opinion of Author the assessee should file a declaration to the concerned department a$out availing the e%emption. Moreover the assessee should not

surrender his her registration num$er as the value of service provided may e%ceed $eyond ' (a)h in the financial year and in that case they have to ta)e afresh registration and will get a different num$er from older one. Q.1 Whether the option once exercised can be chan$ed# Ans. No- an option once e%ercised cannot $e changed for that particular financial year. Assessee has an option not to avail e%emption under Notification No. 6dated "5."4.!""#. result in a new num$er.G Q.11Where a service provider provides taxab"e services, whether the "imit of &s. ' (a)h is computed for each such premise separate"y. Ans. No- e%emption limit of &s. ' (a)h apply to aggregate value of ta%a$le services provided from all premises ta)en together. Q.12Where a service provider provides different taxab"e services, whether the exemption "imit of &s. ' (a)h is computed for each taxab"e service separate"y# Ans. No- e%emption limit of &s. ' (a)h shall apply to the aggregate value of all ta%a$le services provided $y the service provider. Q.1%What is the basis of ca"cu"atin$ the thresho"d "imit of &s. ' (a)h per taxab"e service, per premises or per service provider# Ans. The e%emption limit of &s- ' (a)h shall apply to service provider- i.e.- &s. ' (a)h per service provider irrespective of num$er of ta%a$le services he renders or num$er of premises from where the service is rendered. Thus- e%emption limit of &s. ' (a)h shall apply to the aggregate value of all categories of ta%a$le services provided $y any service provider from one or more premises. Q.1*7oes the exemption app"y universa""y# If no, what are the conditions in which it wi"" not app"y# Ans. The e%emption does not apply in $lan)et to all cases. The e%emption would not $e applica$le in the following two cases H <a= +here the ta%a$le services are provided $y any person under a $rand name or a trade name <registered or otherwise= $elonging to another person. +here person lia$le to pay ta% under section 6,<!= are persons other than the service providers <such as insurance agent- non*residents- mutual fund agents- GTA services- etc=.

<$=

Q.1!What cou"d be the cases where brand names or trade names are used and exemption wi"" not be avai"ab"e# Ans. whenever ta%a$le services are provided $y the service provider under a $rand name or a trade name- which $elongs to another person- e%emption scheme cannot $e availed. Thus- instances could $e franchise services- .9& services or manufacturing or other services under an agreement- which includes use of .9& rights- etc. Q.16What is taxabi"ity of service provider who is usin$ 8rand name or +rade name of other# Ans. Brand or Trade names 1ervice provider is using the $rand or trade name of another person- whether registered or not- then he will $e de$arred from

claiming this e%emption. 9ersons using their own $rand name or trade name will not $e affected $y this restriction. This restriction has $een imposed on service providers using $rand or logo of other persons. The wording of the notification in this respect- which is 2uite clear and self*e%planatory- and re2uire no further clarificationC 9:rovided that nothin$ contained in this notification sha"" app"y to, 4 <.= Ta%a$le services provided $y a person under a $rand name or trade name whether registered or not- of another personI? >Brand name? or >trade name? means a $rand name or a trade namewhether registered or not- that is to say- a name or a mar)- such as sym$ol- monogram- logo- la$el- signature- or invented word or writing which is used in relation to such specified services for the purpose of indicating- or so as to indicate a connection in the course of trade $etween such specified services and some person using such name or mar) with or without any indication of the identity of that personI .f small service provider using the $rand name trade name or log- etc.- as mentioned- of another person a$ove shall not $e eligi$le for this e%emption and have to pay service ta% from the initial amount. This will include chains of outlets in different cities using the same $rand or trade name ;ust li)e some of the courier services- authorised service stationsinstallation and commissioning- service centers of companies- etc. .f one goes through this restriction- it can $e seen that a su$stantial num$er of service provider will loose the $enefit. 1ince the e%emption is intended for small service providers only- it will $e restricted for the service providers using the name- $rand or logo of the other companies or persons or manufacturers. Q.13Is it true that receiver cannot avai" the benefit of exemption scheme "i)e in ;+A Services# Ans. :es- the e%emption scheme is meant only for service providers. The e%emption cannot $e availed $y service providers who are not lia$le to pay service ta% on the services rendered $y them. 1imilarly- service receivers who avail the services $ut are person lia$le to pay the ta% under section 6,<!= as a special case are not the service providers. As such- service receivers cannot claim the $enefit of e%emption scheme. Thus- this scheme will not $e of any $enefit to either the service receiver or the service provider in such cases. These will include mutual fund distri$utionI services rendered from outside .ndia- life insurance and general insurance au%iliary services- etc. Q.11What are the restrictions to c"aim exemption in case of $oods transport a$ency services# Ans. The e%emption scheme shall $e applica$le to goods transport agency <GTA= services $ut for the purpose of ascertaining the e%emption limit in respect of ta%a$le services provided $y goods transport agencies- the payment received towards the gross amount charged $y agency <GTA= under section 67 for which person lia$le to pay service ta% are specified under section 6,<!= <i.e.company- firm- factory- etc.=- shall not $e ta)en into consideration. Q.2 Can the service provider c"aim both, Cenvat credit as we"" as base exemption of &s. ' (a)h#

Ans. No- if the service provider avails the $enefit of $asic e%emption of &s. ' (a)hthen he cannot claim the following $enefits under Aenvat Aredit &ules H <a= <$= Aenvat credit of service ta% paid on any input services used for providing ta%a$le services for which e%emption $enefit is availed. Aenvat credit on capital goods received in the premises of service provider during the period for which such e%emption is claimed.

Q.21What wou"d be the position of a""owabi"ity of Cenvat credit on reachin$ the thresho"d "imit of &s. ' (a)h durin$ the year# Ans. 1ervice provider will $e allowed to avail Aenvat credit on inputs or input service received on or after the date on which service provider cross the limit of &s. ' (a)h and starts paying service ta% provided such inputs or input services are used for providing ta%a$le services for which service ta% is paid. Q.22What wi"" be the admissibi"ity of Cenvat credit where the assessee had a"ready avai"ed Cenvat in 2 '4 * and he opts for exemption in 2 *4 !# Ans. .n such cases- he can still opt for $asic e%emption $ut the unutiliJed $alance of Aenvat credit will lapse. 3e will also $e re2uired to refund $ac) any credit ta)en in respect of closing stoc) or stoc) in process. Q.2%Whether the a$$re$ate va"ue of taxab"e services wi"" inc"ude a"" services# Ans. No- the e%empted services provided $y the service provider shall hot $e considered for counting value of ta%a$le services. Fnly ta%a$le services shall $e considered after allowing for a$atements e%emptions. Q 2'. <r = is re>uired to pay service tax, in which year first exemption can be avai"ed by him# Ans. .f Mr K is re2uired to pay service ta%- the first year of availing e%emption will $e financial year !""#*"6- $ased on value of ta%a$le services rendered in the immediately preceding financial year i.e. !""'*"#. Q 2*. <r : is a Service :rovider, shou"d he char$e Service +ax on taxab"e services rendered, once exemption is avai"ed# Ans. NoFnce the e%emption is availed- Mr 9 who is the service provider should not charge service ta% during period of e%emption till the threshold limit of payment of &s. ' la)hs is reached. This limit is for payment- and not for services rendered. Q 2!. <r & is a new assessee, how the "imit wi"" be ca"cu"ated by him# Ans. Mr & can also avail the $asic e%emption limit as his previous yearEs value of ta%a$le services would $e nil. 3e will have to ;udge his turnover on the $asis of previous year and decide a$out opting for the e%emption $y filing a declaration to the Aentral /%cise @epartment. 3owever the notification is silent on this. Q 26. <r = wou"d "i)e to )now the status of basic exemption "imit if the va"ue of taxab"e services rendered by him in the year of exemption exceeds &s. ' "a)h# Ans. Fnce the e%emption is availed $y Mr K- the $asic e%emption limit of &s. ' la)h would continue. 3e shall have to charge- collect and pay service ta% on the amount invoiced after reaching the limit of &s. ' la)h. For e.g. if he has decided to opt for e%emption scheme and in the month of 1eptem$er !""#-

he finds that its turnover has e%ceeded &s. ' la)h. For the $ills etc issued upto the stage of reaching &s. ' la)h limit for which he has already issued $ills and collected proceeds without service ta%- the e%emption will $e allowed. 3e should charge service ta% on all su$se2uent $ills issued against the services rendered and pay service ta% accordingly on the $ills so issued for the remaining part of the year. Q 23. <r : wou"d "i)e to chan$e the option once exercised by him# Whether he can do this or not# Ans. NoMr 9 cannot change as the option once e%ercised cannot $e changed for that particular financial year. 3e has an option not to avail e%emption under notification no. 6- dated 5*4*!""#. Q 21. ?ow shou"d <r = opt for the exemption scheme# Ans. The notification is silent on how the option will $e e%ercised. Therefore in the a$sence of any specific procedure- it would $e desira$le that Mr K should ma)e a declaration $y way or an application on plain paper mentioning the intention to avail for the e%emption scheme. .t is also advisa$le not to surrender the registration certificate once the e%emption scheme is opted for as at any time during the year- the e%emption limit may $e crossed which will then call for a fresh registration. .t is now mandatory to mention service ta% registration num$er on all invoices etc. A new registration may result in a new num$er. Q % . <r & is a service provider and he provides taxab"e services, whether the "imit of &s ' "a)h be computed for each such premises separate"y or not# Ans. No/%emption limit of &s. ' la)h apply to aggregate value of ta%a$le services provided $y Mr & from all premises after ta)ing them together. Q%1. <r @ is a service provider who provides different taxab"e services, whether the exemption "imit of &s. ' "a)h be computed for each taxab"e services separate"y or not# Ans. No/%emption limit of &s. ' la)h shall not apply to the aggregate value of all ta%a$le services provides $y the service provider. Q %2. <r = is a service provider and wou"d "i)e to )now, whether the exemption is app"icab"e universa""y# What are the conditions in which it wi"" not app"y# Ans. NoThe e%emption does not apply in $lan)et to all cases. The e%emption would not $e applica$le in the following two cases C <a= +here the ta%a$le services are provided $y any person under a $rand name or a trade name <registered or otherwise= $elonging to another person +here person lia$le to pay ta% under section 6,<!= are persons other than the service providers <such as insurance agent- non*residentsmutual fund agents- GTA services- etc.=

<$=

Q %%. <r = is providin$ taxab"e services, whether the a$$re$ate va"ue of taxab"e services wi"" inc"ude a"" services provided by him or not#

Ans. NoThe e%empted services provided $y Mr K shall not $e considered for counting the value of ta%a$le services. Fnly ta%a$le services shall $e considered after allowing for a$atements e%emptions. Q %'. <r : is a manufacturer en$a$ed in manufacturin$ activities under a manufacturin$ "icence or franchisee or brand use arran$ement. Whether he is entit"ed to avai" exemption# Ans. NoThis scheme is not availa$le to Mr 9 who provides the services $y using any $rand or trade name of another person. 9erhaps if he use his own $rand or trade name then this restriction would not apply. Q %*. <r = is a service provider, whether he can c"aim both, Cenvat credit as we"" as base exemption of &s. ' "a)h# Ans. No.f Mr K avails the $enefit of $asic e%emption of &s. ' la)h then he cannot claim the following $enefits under Aenvat Aredit &ules C <a= <$= Aenvat credit of service ta% paid on any input services used for providing ta%a$le services for which e%emption $enefit is availed. Aenvat credit on capital goods received in the premises of Mr K during the period for which such e%emption is claimed.

Q %!. <r = is providin$ taxab"e services under his own brand or trade name, whether he can avai" the exemption scheme# Ans. :es.f Mr K provides ta%a$le services under his own $rand or trade name- he shall $e entitled to avail the e%emption scheme. The restrictions is only in relation to use of $rand name or trade name of other persons. Q %6. <r = wants to c"aim exemption, whether there is any specific form for c"aimin$ the exemption# Ans. NoNo form has $een prescri$ed for this purpose. .t would $e desira$le that Mr K should su$mit a simple application to the concerned 1uperintendent for claiming not claiming the e%emption. Q %3. Whether it is true that receiver cannot avai" the benefit of exemption scheme# Ans. :esThe e%emption scheme is meant only for service providers. The e%emption cannot $e availed $y service providers who are not lia$le to pay service ta% on the services rendered $y them. 1imilarly- service receivers- who avail the services $ut are person lia$le to pay the ta% under section 6,<!= as a special case are not the service providers. As such- service receivers cannot claim the $enefit of e%emption scheme. Thus- this scheme will not $e of any $enefit to either the service receiver or the service provider in such cases. These will include mutual fund distri$ution- services rendered from outside .ndia- life insurance and general insurance au%iliary services etc. Q %1. <r = is providin$ $oods transport a$ency services, whether there are any restrictions to c"aim exemption in this case# Ans. :es-

Mr K who is providing goods transport agency services can claim the e%emption scheme $ut for the purpose of ascertaining the e%emption limit in respect of ta%a$le services provided $y him- the payment received towards the gross amount charged $y agency <GTA= under section 67 for which person lia$le to pay service ta% are specified under section 6,<!= <i.e. company- firmfactory- etc= shall not $e ta)en into consideration. Q ' . What wi"" be the admissibi"ity of Cenvat Credit where the assessee had a"ready avai"ed Cenvat in 2 '4 * and he opts for exemption in 2 *4 !# Ans. .n such cases- he can still opt for $asic e%emption $ut the unutiliJed $alance of Aenvat credit will lapse. 3e will also $e re2uired to refund $ac) any credit ta)en in respect of closing stoc) or stoc) in process.

,otification ,ew 7e"hi, 7ated 1st <arch, 2 * No. 6 !""#*1ervice Ta% 5" 9halguna- 58!6 <1a)a= G.1.&. </=.* .n e%ercise of the powers conferred $y su$*section <5= of section 84 of the Finance Act- 588' <4! of 588'= <hereinafter referred to as the said Finance Act=- the Aentral Government- on $eing satisfied that it is necessary in the pu$lic interest so to do- here$y e%empts ta%a$le services of aggregate value not e%ceeding four la)h rupees in any financial year from the whole of the service ta% levia$le thereon under section 66 of the said Finance ActC :rovided that nothin$ contained in this notification sha"" app"y to,4 <i= <ii= ta%a$le services provided $y a person under a $rand name or trade namewhether registered or not- of another personI or such value of ta%a$le services in respect of which service ta% shall $e paid $y such person and in such manner as specified under su$*section <!= of section 6, of the said Finance Act read with 1ervice Ta% &ules-588'.

!.

The e%emption contained in this notification shall apply su$;ect to the following conditions- namelyC* <i= the provider of ta%a$le service has the option not to avail the e%emption contained in this notification and pay service ta% on the ta%a$le services provided $y him and such option- once e%ercised in a financial year- shall not $e withdrawn during the remaining part of such financial yearI the provider of ta%a$le service shall not avail the A/NDAT credit of service ta% paid on any input services- under rule 4 or rule 54 of the A/NDAT Aredit &ules- !""' <herein after referred to as the said rules=- used for providing the said ta%a$le service- for which e%emption from payment of service ta% under this notification is availed ofI

<ii=

<iii= the provider of ta%a$le service shall not avail the A/NDAT credit under rule 4 of the said rules- on capital goods received in the premises of provider of such ta%a$le service during the period in which the service provider avails e%emption from payment of service ta% under this notificationI <iv= the provider of ta%a$le service shall avail the A/NDAT credit only on such inputs or input services received- on or after the date on which the service provider starts paying service ta%- and used for the provision of ta%a$le services for which service ta% is paya$leI <v= the provider of ta%a$le service who starts availing e%emption under this notification shall $e re2uired to pay an amount e2uivalent to the A/NDAT credit ta)en $y him- if any- in respect of such inputs lying in stoc) or in process on the date on which the provider of ta%a$le service starts availing e%emption under this notificationI

<vi= the $alance of A/NDAT credit lying unutilised in the account of the ta%a$le service provider after deducting the amount referred to in su$*paragraph <v=- if any- shall not $e utilised in terms of provision under su$*rule <'= of rule 4 of the said rules and shall lapse on the day such service provider starts availing the e%emption under this notificationI <vii= where a ta%a$le service provider provides one or more ta%a$le services from one or more premises- the e%emption under this notification shall

apply to the aggregate value of all such ta%a$le services and from all such premises and not separately for each premises or each servicesI and <viii= the aggregate value of ta%a$le services rendered $y a provider of ta%a$le service from one or more premises- does not e%ceed rupees four la)hs in the preceding financial year. 4. For the purposes of determining aggregate value not e%ceeding four la)h rupees- to avail e%emption under this notification- in relation to ta%a$le service provided $y a goods transport agency- the payment received towards the gross amount charged $y such goods transport agency under section 67 for which the person lia$le for paying service ta% is as specified under su$section <!= of section 6, of the said Finance Act read with 1ervice Ta% &ules- 588'- shall not $e ta)en into account. -xp"anation.4 For the purposes of this notification-* <A= >$rand name? or >trade name? means a $rand name or a trade namewhether registered or not- that is to say- a name or a mar)- such as sym$ol- monogram- logo- la$el- signature- or invented word or writing which is used in relation to such specified services for the purpose of indicating- or so as to indicate a connection in the course of trade $etween such specified services and some person using such name or mar) with or without any indication of the identity of that personI >aggregate value not e%ceeding four la)h rupees? means the sum total of first consecutive payments received during a financial year towards the gross amount- as prescri$ed under section 67 of the said Finance Actcharged $y the service provider towards ta%a$le services till the aggregate amount of such payments is e2ual to four la)h rupees $ut does not include payments received towards such gross amount which are e%empt from whole of service ta% levia$le thereon under section 66 of the said Finance Act under any other notification.

<B=

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This notification shall come into force on the 5st day of April- !""#.

LF. No. 44' 5 !""#*T&UM /A. Sivasubramanian5 @eputy 1ecretary to the Government of .ndia

Government of .ndia Ministry of Finance <@epartment of &evenue= ,B+ICICA+IB, ,o. *1213 D Service +ax New @elhi- dated the 56th Fcto$er- 588, G.1.&. 6!'</= H .n e%ercise of the powers conferred $y section 84 of the Finance Act- 588' <4! of 588'=- and in suppression of the notification of Government of .ndia in the Ministry of Finance <@epartment of &evenue= No. #7 8,*1ervice Ta%dated the 7th Fcto$er- 588,- the Aentral Government- $eing satisfied that it is necessary in the pu$lic interest so to do- here$y e%empts the ta%a$le services provided $y a practicing chartered accountant- a practicing company secretary or a practicing cost accountant- in his professional capacity to a client- other than the ta%a$le services relating to H i. ii. iii. iv. accounting and auditingI or cost accounting and cost auditingI or secretarial auditingI or verification of declarations in prescri$ed forms of complianceEs for o$taining a certificate of commencement of $usiness or commencement of other $usiness under section 5'8 of the Aompanies Act- 58#6 <5 of 58#6=I o signing of the annual return of listed companies under section 565 of the Aompanies Act- 58#6 <5 of 58#6=I or certification that re2uirements of 1chedule K... to the Aompanies Act58#6 <5 of 58#6= have $een complied with as regards statutory guidelines for appointment of managerial personnel and payment of managerial remuneration to them without the approval of the Aentral Government under section !68 and 1chedule K...- of the Aompanies Act- 58#6 <5 of 58#6=I or certification of documents to $e filed $y companies with the &egistrar of Aompanies under the Aompanies Act- 58#6 <5 of 58#6=I or

v. vi.

vii.

viii. certification in Form 5 that the whole of the amount remaining unpaid or unclaimed for a period of three years from the date of transfer to the special account under su$*section <5= and su$*section <!= of section !"#A of the Aompanies Act- 58#6 <5 of 58#6= has $een transferred to the General &evenue Account of the Aentral Government under the Aompanies Unpaid @ividend <Transfer to General &evenue Account of the Aentral Government= &ules- 587,I or i%. %. certification of documents under the /%ports and .mports 9olicy <5887* !""!= of the Government of .ndiaI or certification for e%change control purposes which a practicing chartered accountant can issue as documentary evidence in support of certain applications under the Foreign /%change &egular Act- 5874 <'6 of 5874=I or certification in respect of valuation of instruments or assets as per rule ,A<7= of the +ealth Ta% &ules- 58#7- from whole of service ta% levia$le thereon. /Atu" ;upta5 Under 1ecretary to the Government of .ndia

%i.