{"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":"157","heading":"Amendment of section 101","text":"Amendment of section 101. 157. In section 101 of the 2004 Act, in sub-section (1),— (A) | after the words \"an initial public offer\", the words \"or an initial offer\" shall be inserted; (B) | for the words \"being sale of units to such Mutual Fund during such financial year\" occurring at the end, the words \"during such financial year, being sale of units to such Mutual Fund or sale of unlisted shares under an initial public offer or sale of unlisted units of business trust under an initial offer, in respect of which such lead merchant banker is appointed\" shall be substituted. ** | ** | **","html":"<p><b>Amendment of section 101.</b></p><p><b>157.</b> In section 101 of the 2004 Act, in sub-section (1),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>after the words \"an initial public offer\", the words \"or an initial offer\" shall be inserted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>for the words \"being sale of units to such Mutual Fund during such financial year\" occurring at the end, the words \"during such financial year, being sale of units to such Mutual Fund or sale of unlisted shares under an initial public offer or sale of unlisted units of business trust under an initial offer, in respect of which such lead merchant banker is appointed\" shall be substituted.</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>**</td><td>**</td><td>**</td></tr></table></div>","words":108,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/157/","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."}