(Last Updated On: April 24, 2018)

Section 188 of Finance Act 2018

[Section 188 of Finance Act 2018 deals with Amendment of section 27 and is covered in CHAPTER VIII MISCELLANEOUS]

Amendment of section 27

188. In the principal Act, in section 27,—

(i)		for the marginal heading, the following marginal heading shall be substituted, namely:—
		“Contravention by companies.”;
(ii)		in sub-section (1), for the words “an offence under this Act,”, the words “a contravention of any of the provisions of this Act or any rule, regulation, direction or order made thereunder” shall be substituted;
(iii)		for the word “offence”, wherever it occurs, the word “contravention” shall be substituted.

Section 188 of Finance Act 2018 : Amendment of section 27