{"act":{"id":"finance-act-2005","short_title":"The Finance Act, 2005","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2005-2006.","act_number":"18","act_year":2005,"enact_date":"2005-05-13","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":70,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2005/"},"unit":"section","section":{"number":"117","heading":"Amendment of section 2 of Act 46 of 1959","text":"Amendment of section 2 of Act 46 of 1959. 117. In section 2 of the Government Savings Certificates Act, 1959, for clause (a), the following clauses shall be substituted, namely:— ‘(a ) \"holder\", in relation to a savings certificate, means— (i) a person who holds the savings certificate issued in accordance with the provisions of this Act and of any rules made thereunder at any time before the date on which the Finance Bill, 2005 receives the assent of the President; and (ii) an individual who holds the savings certificate issued in accordance with the provisions of this Act and of any rules made thereunder at any time on or after the date on which the Finance Bill, 2005 receives the assent of the President; (aa) \"minor\" means a person who is not deemed to have attained his majority under the Majority Act, 1875 (9 of 1875);’. ** ** ** © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 2 of Act 46 of 1959.</b></p><p><b>117. </b>In section 2 of the Government Savings Certificates Act, 1959, for clause (<i>a</i>), the following clauses shall be substituted, namely:—</p><p>‘(<i>a</i> ) \"holder\", in relation to a savings certificate, means—</p><p>(<i>i</i>) a person who holds the savings certificate issued in accordance with the provisions of this Act and of any rules made thereunder at any time before the date on which the Finance Bill, 2005 receives the assent of the President; and</p><p>(<i>ii</i>) an individual who holds the savings certificate issued in accordance with the provisions of this Act and of any rules made thereunder at any time on or after the date on which the Finance Bill, 2005 receives the assent of the President;</p><p>(<i>aa</i>) \"minor\" means a person who is not deemed to have attained his majority under the Majority Act, 1875 (9 of 1875);’.</p><p>** ** **</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":156,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2005/section/117/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}