{"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":"156","heading":"Amendment of section 100","text":"Amendment of section 100. 156. In section 100 of the 2004 Act,— (i) | after sub-section (2A), the following sub-section shall be inserted, namely:— \"(2B) The lead merchant banker appointed by the business trust in respect of an initial offer shall collect the securities transaction tax from every person who enters into a taxable securities transaction referred to in sub-clause (ab) of clause (13) of section 97 at the rates specified in section 98.\"; (ii) | in sub-section (3),— (A) | after the word, brackets, figure and letter \"sub-section (2A)\", the words, brackets, figure and letter \"or sub-section (2B)\" shall be inserted; (B) | after the words \"an initial public offer\", the words \"or an initial offer\" shall be inserted; (iii) | in sub-section (4), after the words \"an initial public offer\", the words \"or an initial offer\" shall be inserted.","html":"<p><b>Amendment of section 100.</b></p><p><b>156.</b> In section 100 of the 2004 Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after sub-section (2A), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(2B) The lead merchant banker appointed by the business trust in respect of an initial offer shall collect the securities transaction tax from every person who enters into a taxable securities transaction referred to in sub-clause <i>(ab)</i> of clause <i>(13)</i> of section 97 at the rates specified in section 98.\";</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (3),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>after the word, brackets, figure and letter \"sub-section (2A)\", the words, brackets, figure and letter \"or sub-section (2B)\" shall be inserted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>after the words \"an initial public offer\", the words \"or an initial offer\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>iii</i>)</td><td></td><td>in sub-section (4), after the words \"an initial public offer\", the words \"or an initial offer\" shall be inserted.</td></tr></table></div>","words":141,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/156/","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."}