Section 192 of Finance Act 2018 : Amendment of section 19

By | April 1, 2018
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(Last Updated On: April 24, 2018)

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 after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:—

“(2) Without prejudice to the provisions contained in sub-section (1) and section 19H, the Board may, by order, for reasons to be recorded in writing, levy penalty under sections 19A, 19B, 19C, 19D, 19E, 19F, 19FA and 19G after holding an inquiry in the prescribed manner.”.

Finance Act 2018 : Assented by President : Download Print Notification


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