Section 133 of Finance Act 2018
[Section 133 of Finance Act 2018 deals with Amendment of section 15 and is covered in CHAPTER VIII MISCELLANEOUS]
Amendment of section 15
133. In section 15 of the principal Act, in sub-section (2),—
(i) | clause (a) shall be omitted; | |
(ii) | for clause (b), the following clause shall be substituted, namely:— | |
” (b) the conditions as to interest or discount relating to deposits generally, or any class of deposits in particular;”; | ||
(iii) | for clause (g), the following clause shall be substituted, namely:— | |
“(g) the fees that may be levied for discharge of any services under this Act;”; | ||
(iv) | for clause (i), the following clauses shall be substituted, namely:— | |
“(i) the limit and procedure under clause (a) of sub-section (4) of section 4A; | ||
(j) the mode of making deposits, such as physical, electronic or through use of any other tools of communication and information technology; | ||
(k) benchmark for interest rates on deposits with a view to ensure financial sustainability of Savings Schemes; | ||
(l) amount to be excluded in computing the court fee chargeable under the Court-fees Act, 1870 (7 of 1870) for the purpose of section 8 of the Act; | ||
(m) mechanism for redressal of grievances and settlement of disputes; | ||
(n) any other matter which is required to be or may be, prescribed.”. |
Finance Act 2018 : Assented by President : Download Print Notification