Home India Ministry of Finance Whereas in exercise of the powers conferred by section 35AC ...
Date: 2019-08-28 Category: Extra Ordinary State: Union Government Country: India

Whereas in exercise of the powers conferred by section 35AC of the Income tax Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Finance extends the tenure of the Chairman and members of the National Committee for Promotion of Social and Economic Welfare. The extension is for a further period of six months, effective from October 1, 2019, until March 31, 2020. This action is taken under Section 35AC of the Income Tax Act, 1961, read with Rule 11G of the Income Tax Rules, 1962. Key Points / Main Content: * **Extension of Tenure:** * The tenure of the Chairman and members of the National Committee for Promotion of Social and Economic Welfare is extended. * The extension is for six months. * The extended period is from October 1, 2019, to March 31, 2020. * **Authority:** * This extension is enacted under Section 35AC of the Income Tax Act, 1961. * It is also in accordance with Rule 11G of the Income Tax Rules, 1962. * **Committee Composition:** * Lists the names and designations of the Chairman and members whose tenure is extended. Impact Analysis: * **Chairman and Members of the National Committee for Promotion of Social and Economic Welfare:** * *Impact:* Their tenure is extended by six months, allowing them to continue their roles in the committee. * *Action Required:* Continue performing their duties as Chairman and members until March 31, 2020. * **Central Government:** * *Impact:* Exercises its powers under the Income Tax Act and Rules to ensure the continued operation of the National Committee. * *Action Required:* Ensure the committee continues to function effectively during the extended period. * **Ministry of Finance, Department of Revenue:** * *Impact:* Responsible for implementing and overseeing the extension. * *Action Required:* Monitor the committee's activities during the extended tenure.

Key Entities Referenced

Income-tax Act, 1961: A law mentioned in the policy document, specifically section 35AC. Income Tax Rules, 1962: A set of rules mentioned in conjunction with the Income-tax Act, 1961, specifically rule 11G. National Committee for Promotion of Social and Economic Welfare: A committee constituted by the Central Government, whose tenure is being extended by this notification. Ministry of Finance: The government ministry under which the Department of Revenue falls, responsible for the notification. Department of Revenue: A department within the Ministry of Finance, responsible for issuing the notification. Nehru Yuva Kendra: Organization where Shri Amardeep Singh serves as Vice Chairman. Guwahati, Assam: Location of Rahstriya Gramin Vikas Nidhi, where Dr. Amiya Kumar Sharma is the Executive Director. Jaipur, Rajasthan: Location of Bhagwan Mahaveer Viklang Sahayta Samiti BMVSS, where Shri D.R. Mehta is the Founder Chief Patron.
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Wी डी.आर. मेहता प‘ भूषण और सेवािनवृ& %शासिनक सेवक, सद(cid:11)य सं(cid:11)थापक एवं मVु य संरKक, भगवान महावीर िवकलांग सहायता सिमित (बीएमवीएसएस), जयपुर 7 Wी एन(cid:28)रको िपपरनो पूव= टेिनस िखलाड़ी व कोच सद(cid:11)य 8 Wी हबीब ए. फक"ह (cid:11)थानीय (cid:11)वाय&शासन एव ंलोक %शासन म 5िवशषे d, सद(cid:11)य उपाJयK द फेडरेशन ऑफ Xलिं fव(cid:11)ट एडं (cid:28)रलीजस माइनो(cid:28)रटी एजकु ेशन इं(cid:11)टीhशू न, महाराA 9 %ो. नालादी सामुयले ू अवकाश %ाM %ोफेसर, समाजशाi व सामािजक सद(cid:11)य काय= िवभाग, आचाय =नागाजु=न िवjिव]ालय, गुंटुर 10 डॉ. नरेश गुMा िनदशे क, %ोफेसर, मोलाना आजाद मिे डकल कॉलजे सद(cid:11)य एवं संबl अ(cid:11)पताल, नई (cid:4)द(cid:6)ली सद(cid:11)य 11 Wी संजीव कुमार अरोड़ा चाट=ड =अकाउंट5ट सद(cid:11)य 12 Wीमती शमीमा रैना सामािजक कायक= ता = सद(cid:11)य 13 Wीमती शिशकला वामनन िशKािवद सद(cid:11)य 14 Wी िवनायक लोहानी सामािजक उ]मी एवं प(cid:28)रवार के सं(cid:11)थापक सद(cid:11)य [फा. सं. 2/2019/फा. सं. वी.27013/3/2018-एसओ(रा.सिम.)] रिmम रंजन दास, संयु( सिचव (एफटी एव ंटीआर-I) और सिचव (राAीय सिमित)¹Hkkx IIµ[k.M 3(ii)] Hkkjr dk jkti=k % vlk/kj.k 3 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th August, 2019 S.O. 3122(E).—Whereas in exercise of the powers conferred by section 35AC of the Income-tax Act, 1961 (43 of 1961) read with rule 11G of the Income Tax Rules, 1962, the Central Government constituted the National Committee for Promotion of Social and Economic Welfare vide notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 5(E) dated the 2nd January, 1992 published in the Gazette of India Extraordinary Part II Section 3, Sub-Section (ii) dated the 2nd January,1992 as amended by notification numbers S.O. 926(E) dated the 22nd December, 1994, notification number S.O. 892(E) dated the 23rd December, 1997; notification number S.O.444(E) dated the 21st May, 2001; notification number S.O. 1258(E) dated the 9th November, 2004; notification number S.O. 227(E) dated 1st February, 2008; notification number S.O. 218(E) dated the 1st February, 2011; notification number S.O. 654(E) dated the 4th March, 2014 and notification number S.O. 1021(E) dated the 31st March, 2017. And whereas, in terms of sub-rule (1) of Rule 11G of the Income Tax Rules, 1962, by the aforesaid notification, fourteen persons were appointed by the Central Government as Chairman and members of the said Committee; And whereas, the term of the Chairman and members of the aforesaid Committee ended on 30th March, 2018. And whereas, the term of the Chairman and members of the aforesaid Committee was extended for a further period of six months i.e. up to 30th September, 2018 vide notification number S.O. 1658(E) dated the 17th April, 2018. And whereas, the term of the Chairman and members of the aforesaid Committee was extended for a further period of six months i.e. up to 31st March, 2019 vide notification number S.O. 5160(E) dated the 5th October, 2018. . And whereas, the term of the Chairman and members of the aforesaid Committee was further extended for a further period of six months i.e. up to 30th September, 2019 vide notification number S.O. 1706(E) dated the 8th May, 2019. Now, therefore, in exercise of the powers conferred by section 35AC of the Income Tax Act, 1961 (43 of 1961) read with sub-rule (1) and (3) of rule 11G of the Income Tax Rules, 1962, the Central Government hereby extend the tenure of following persons as Chairman and members of the National Committee for Promotion of Social and Economic Welfare for a further period of six months w.e.f. 1st October, 2019 i.e. till 31st March, 2020. 1 Justice R.C. Lahoti Former Chief Justice of India Chairman 2 Shri Amardeep Singh Vice Chairman, Nehru Yuva Kendra Member Cheema Sangathan and Social activist 3 Dr. Amiya Kumar Sharma Executive Director, Rahstriya Gramin Vikas Member Nidhi, Guwahati 4 Shri Baldev Chowdhary Ex-Chairman, UP Congress Committee Member SC/ST Cell 5 Smt. Chetna Sinha Micro Finance and Women Member Entrepreneurship, Founder & Chairperson, Mann Deshi Bank 6 Shri D.R. Mehta Padam Bhushan and Retired Civil Servant, Member Founder & Chief Patron, Bhagwan Mahaveer Viklang Sahayta Samiti (BMVSS), Jaipur.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 7 Shri Enrico Piperno Former Tennis Player and coach Member 8 Shri Habib A. Fakih Specialist in local self government and Member Public Administration, Vice President, The Federation of Linguistic & Religious Minorities Education Institution, Maharashtra 9 Prof. Naladi Samuyelu Emeritus Professor, Deptt. Of Sociology & Member Social Work, Acharya Nagarjuna University, Guntur 10 Dr. Naresh Gupta Director, Professor, Maulana Azad Member Medical College and Associated hospitals, New Delhi 11 Shri Sanjiv Kumar Arora Chartered Accountant Member 12 Smt. Shameema Raina Social worker Member 13 Smt. Shashikala Vamanan Educationist Member 14 Shri Vinayak Lohani Social Entrepreneur and founder of Member Parivar [F. No. 2/2019/F. No. V. 27013/3/2018-SO(NAT.COM)] RASMI RANJAN DAS, Jt. Secy. (FT&TR-I) & Secy. (National Committee) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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