{"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":"138","heading":"Commencement and amendment of Act 42 of 1999","text":"PART V AMENDMENTS TO THE FOREIGN EXCHANGE MANAGEMENT A CT, 1999 Commencement and amendment of Act 42 of 1999 138. [A] The provisions of this Part shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions of this Part. Amendment of section 2 - [B] In the Foreign Exchange Management Act, 1999 (42 of 1999) (herein referred to as the Foreign Exchange Act), in section 2,— (i) | after clause (c), the following clause shall be inserted, namely:— '(cc) | ''Authorised Officer'' means an officer of the Directorate of Enforcement authorised by the Central Government under section 37A;'; (ii) | after clause (g), the following clause shall be inserted, namely:— '(gg) | \"Competent Authority'' means the Authority appointed by the Central Government under sub-section (2) of section 37A;'.","html":"<p>PART V</p><p><b>AMENDMENTS TO THE FOREIGN EXCHANGE MANAGEMENT A CT, 1999</b></p><p><b> Commencement and amendment of Act 42 of 1999 </b></p><p><b> 138.</b> [<i>A</i>] The provisions of this Part shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions of this Part.</p><p><i>Amendment of section 2</i> - [<i>B</i>] In the Foreign Exchange Management Act, 1999 (42 of 1999) (herein referred to as the Foreign Exchange Act), in section 2,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after clause (<i>c</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>'(<i>cc</i>)</td><td></td><td>''Authorised Officer'' means an officer of the Directorate of Enforcement authorised by the Central Government under section 37A;';</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>after clause (<i>g</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>'(<i>gg</i>)</td><td></td><td>\"Competent Authority'' means the Authority appointed by the Central Government under sub-section (<i>2</i>) of section 37A;'.</td></tr></table></div>","words":142,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/138/","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."}