Category Archives: SEBI

Section 162 of Finance Act 2018 : Commencement of this Part

By | April 1, 2018

Section 162 of Finance Act 2018 [Section 162 of Finance Act 2018 deals with Commencement of this Part and is covered in CHAPTER VIII MISCELLANEOUS] PART IX AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 Commencement of this Part 162. The provisions of this Part shall come into force on such date as the Central Government may, by… Read More »

Section 161 of Finance Act 2018 : Amendment of section 3 of Act 43 of 1982

By | April 1, 2018

Section 161 of Finance Act 2018 [Section 161 of Finance Act 2018 deals with Amendment of section 3 of Act 43 of 1982 and is covered in CHAPTER VIII MISCELLANEOUS] PART VIII AMENDMENT TO THE GOVERNORS (EMOLUMENTS, ALLOWANCES AND PRIVILEGES) ACT, 1982 Amendment of section 3 of Act 43 of 1982 161. In section 3 of the Governors… Read More »

Section 164 of Finance Act 2018 : Amendment of section 4

By | April 1, 2018

Section 164 of Finance Act 2018 [Section 164 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 164. In section 4 of the principal Act,— (a) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:— “Provided that the Central Government may, by notification,… Read More »

Section 163 of Finance Act 2018 : Amendment of section 3

By | April 1, 2018

Section 163 of Finance Act 2018 [Section 163 of Finance Act 2018 deals with Amendment of section 3 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3 163. In the National Housing Bank Act, 1987 (53 of 1987) (hereafter in this Part referred to as the principal Act), in section 3,— (a) in sub-section (3), for… Read More »

Section 158 of Finance Act 2018 : Amendment of section 23M

By | April 1, 2018

Section 158 of Finance Act 2018 [Section 158 of Finance Act 2018 deals with Amendment of section 23M and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23M 158. In section 23M of the principal Act,— (i) after the words “adjudicating officer” at both the places where they occur, the words “or the Securities and Exchange Board… Read More »

Section 159 of Finance Act 2018 : Amendment of section 24

By | April 1, 2018

Section 159 of Finance Act 2018 [Section 159 of Finance Act 2018 deals with Amendment of section 24 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 24 159. In section 24 of the principal Act,— (i) for the marginal heading, the following marginal heading shall be substituted:— “Contravention by companies;”; (ii) in sub-section (1), for the… Read More »

Section 157 of Finance Act 2018 : Insertion of new section 23JC

By | April 1, 2018

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 : Amendment of section 23JB

By | April 1, 2018

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 : Amendment of section 23JA

By | April 1, 2018

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 »