{"act":{"id":"finance-act-2015","short_title":"The Finance Act, 2015","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2015-2016.","act_number":"20","act_year":2015,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":165,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2015/"},"unit":"section","section":{"number":"123","heading":"Constitution of a Committee for administration of fund","text":"Constitution of a Committee for administration of fund 123. (1) The Central Government shall constitute, by notification, an Inter-Ministerial Committee for administration of the Fund consisting of a Chairperson and such other number of Members as the Central Government may appoint. (2) The manner of administration of the Fund, holding of meetings of the Committee, shall be in accordance with such rules as may be prescribed. (3) It shall be competent for the Committee to spend money out of the Fund for carrying out the objects specified in sub-section (3) of section 122.","html":"<p><b> Constitution of a Committee for administration of fund </b></p><p><b> 123.</b> (<i>1</i>) The Central Government shall constitute, by notification, an Inter-Ministerial Committee for administration of the Fund consisting of a Chairperson and such other number of Members as the Central Government may appoint.</p><p>(<i>2</i>) The manner of administration of the Fund, holding of meetings of the Committee, shall be in accordance with such rules as may be prescribed.</p><p>(<i>3</i>) It shall be competent for the Committee to spend money out of the Fund for carrying out the objects specified in sub-section (<i>3</i>) of section 122.</p>","words":93,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/123/","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."}