Section 199 of Finance Act 2018 [Section 199 of Finance Act 2018 deals with Insertion of new section 19-IC and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 19-IC 199. After section 19-IB of the principal Act, the following section shall be inserted, namely:— ’19-IC. Continuance of proceedings—(1) Where a person dies, his legal representative shall be… Read More »
Section 198 of Finance Act 2018 [Section 198 of Finance Act 2018 deals with Amendment of section 19-IB and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 19-IB 198. In section 19-IB 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 197 of Finance Act 2018 [Section 197 of Finance Act 2018 deals with Amendment of section 19-IA and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 19-IA 197. In section 19-IA 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 196 of Finance Act 2018 [Section 196 of Finance Act 2018 deals with Amendment of section 19-I and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 19-I 196. In section 19-I 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 195 of Finance Act 2018 [Section 195 of Finance Act 2018 deals with Amendment of section 19H and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 19H 195. In section 19H of the principal Act, in sub-section (1), for the figures, letters and words ”19F and 19G, the Board shall”, the figures, letters and words ”19F,… Read More »
Section 194 of Finance Act 2018 [Section 194 of Finance Act 2018 deals with Insertion of new section 19FA and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 19FA 194. After section 19F of the principal Act, the following section shall be inserted, namely:— “19FA. Penalty for failure to conduct business in a fair manner—Where a depository… Read More »
Section 193 of Finance Act 2018 [Section 193 of Finance Act 2018 deals with Amendment of section 19A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 19A 193. In section 19A of the principal Act,— (i) in clause (a), after the words “specified therefor”, the words “or who furnishes or files false, incorrect or incomplete information,… Read More »
Section 187 of Finance Act 2018 [Section 187 of Finance Act 2018 deals with Amendment of section 24 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 24 187. In the principal Act, in section 24,— (i) after the words “adjudicating officer” at both the places where they occur, the words “or the Board” shall be inserted;… Read More »
Section 192 of Finance Act 2018 [Section 192 of Finance Act 2018 deals with Amendment of section 19 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 19 192. Section 19 of the Depositories Act, 1996 (22 of 1996) (hereafter in this Part referred to as the principal Act) shall be numbered as sub-section (1) thereof and… Read More »
Section 191 of Finance Act 2018 [Section 191 of Finance Act 2018 deals with Commencement of this Part and is covered in CHAPTER VIII MISCELLANEOUS] PART XI AMENDMENTS TO THE DEPOSITORIES ACT, 1996 Commencement of this Part 191. The provisions of this Part shall come into force on such date as the Central Government may, by notification in… Read More »