Repealed or not in force · As amended up to 2026-08
C
12. Power to require officers of companies to produce accounts.
C.—Interest
1886.] License-tax Amendment. 23
C.—Interest on Securities.
SECTIONS.
12. (1) If the Collector has reason to believe that a statement delivered under section 11 is incorrect or incomplete, he may cause to be served on the principal officer of the company a notice requiring him, on or before a date to be therein mentioned, either to attend at the Collector's office and produce, or to cause to be there produced, for the inspection of the Collector such of the accounts of the company as refer to the year to which the statement relates and as are in his possession or power.
(2) On the day specified in the notice, or as soon afterwards as may be, the Collector shall, by an order in writing, determine the amount at which the company shall be assessed under Part II, and the time when the amount shall be paid, and, subject to the provisions of this Act, that amount shall be payable accordingly.
C.—Interest on Securities.
Mode of payment of tax on interest on securities.
Source: India Code