Common use of Entry into force - 1 Clause in Contracts

Entry into force - 1. Each of the Contracting States shall notify to the other the completion of the procedure required by its law for the bringing into force of this Convention. This Convention shall enter into force on the first day of the second month following the date of reception of the later of these notifications and shall thereupon have effect : (a) in India ; (i) in respect of income arising in any fiscal year beginning on or after the first day of April following the calendar year in which the Convention enters into force ; (ii) in respect of capital which is held on the last day of any fiscal year beginning on or after the first day of April following the calendar year in which the Convention enters into force ;