1Section 157 of Finance Act 2018 [Section 157 of Finance Act 2018 deals with Insertion of new section 23JC and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 23JC 157. After section 23JB of the principal Act, the following section shall be inserted, namely:— ’23JC. Continuance of proceedings.—(1) Where a person dies, his legal representative shall be… Read More »
Section 156 of Finance Act 2018 [Section 156 of Finance Act 2018 deals with Amendment of section 23JB and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23JB 156. In section 23JB of the principal Act, in sub-section (1), for the words “by the adjudicating officer”, the words “under this Act” shall be substituted. Finance Act 2018… Read More »
Section 155 of Finance Act 2018 [Section 155 of Finance Act 2018 deals with Amendment of section 23JA and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23JA 155. In section 23JA of the principal Act, after sub-section (4), the following sub-section shall be inserted, namely:— “(5) All settlement amounts, excluding the disgorgement amount and legal costs,… Read More »
Section 154 of Finance Act 2018 [Section 154 of Finance Act 2018 deals with Amendment of section 23J and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23J 154. In section 23J of the principal Act,— (i) for the marginal heading, the following marginal heading shall be substituted, namely:— “Factors to be taken into account while adjudging… Read More »
Section 153 of Finance Act 2018 [Section 153 of Finance Act 2018 deals with Amendment of section 23-I and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23-I 153. In section 23-I of the principal Act, in sub-section (1), for the word ”shall”, the word ”may” shall be substituted. Finance Act 2018 : Assented by President :… Read More »
Section 152 of Finance Act 2018 [Section 152 of Finance Act 2018 deals with Insertion of new section 23GA and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 23GA 152. After section 23G of the principal Act, the following section shall be inserted, namely:— “23GA. Penalty for failure to conduct business in accordance with rules, etc.—Where a… Read More »
Section 151 of Finance Act 2018 [Section 151 of Finance Act 2018 deals with Amendment of section 23G and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23G 151. In section 23G of the principal Act, after the words “periodical returns”, the words “or furnishes false, incorrect or incomplete periodical returns” shall be inserted. Finance Act 2018… Read More »
Section 150 of Finance Act 2018 [Section 150 of Finance Act 2018 deals with Amendment of section 23E and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23E 150. In section 23E of the principal Act, after the words “mutual fund”, the words “or real estate investment trust or infrastructure investment trust or alternative investment fund”, shall… Read More »
Section 149 of Finance Act 2018 [Section 149 of Finance Act 2018 deals with Amendment of section 23A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23A 149. In section 23A of the principal Act, in sub-clause (a), after the words “bye-laws of the recognised stock exchange”, the words “or who furnishes false, incorrect or incomplete… Read More »
Section 148 of Finance Act 2018 [Section 148 of Finance Act 2018 deals with Amendment of section 23 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23 148. In section 23 of the principal Act, in sub-section (1), in the long line, after the words “Adjudicating officer”, the words “or the Securities and Exchange Board of… Read More »