Section 166 of Finance Act 2018 : Amendment of section 6

By | April 1, 2018
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(Last Updated On: April 22, 2018)

Section 166 of Finance Act 2018

[Section 166 of Finance Act 2018 deals with Amendment of section 6 and is covered in CHAPTER VIII MISCELLANEOUS]

Amendment of section 6

166. In section 6 of the principal Act,—

(a)in sub-section (1),—
(i)in clause (ca), the words “the Reserve Bank,” shall be omitted;
(ii)in clause (d), for the words “two directors”, the words “one director” shall be substituted;
(b)in sub-section (2), for the words “in consultation with the Reserve Bank and directors”, the words ”the director” shall be substituted.

Finance Act 2018 : Assented by President : Download Print Notification

 

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