{"act":{"id":"finance-act-2016","short_title":"The Finance Act, 2016","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2016-2017.","act_number":null,"act_year":2016,"enact_date":"2016-06-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":276,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2016/"},"unit":"section","section":{"number":"223","heading":"Amendment of section 58","text":"Amendment of section 58 223 . In section 58 of the principal Act, in sub-section (2), after clause (q), the following clauses shall be inserted, namely:— \"(qa) the remuneration and other allowances payable to Members of the Monetary Policy Committee under sub-section (2) of section 45ZD; (qb) the functions of the Secretary under sub-section (2) of section 45ZG; (qc) the procedure, manner of conducting of meetings and related matters of the Monetary Policy Committee under sub-section (12) of section 45ZI; (qd) the particulars and the frequency of publication of document under sub-section (2) of section 45ZJ; (qe) the form and contents of the Monetary Policy Report to be published under sub-section (2) of section 45ZM;\".","html":"<p><b>Amendment of section 58 </b></p><p><b>223 </b>. In section 58 of the principal Act, in sub-section (2), after clause (<i>q</i>), the following clauses shall be inserted, namely:—</p><p>\"(<i>qa</i>) the remuneration and other allowances payable to Members of the Monetary Policy Committee under sub-section (2) of section 45ZD;</p><p>(<i>qb</i>) the functions of the Secretary under sub-section (2) of section 45ZG;</p><p>(<i>qc</i>) the procedure, manner of conducting of meetings and related matters of the Monetary Policy Committee under sub-section (12) of section 45ZI;</p><p>(<i>qd</i>) the particulars and the frequency of publication of document under sub-section (<i>2</i>) of section 45ZJ;</p><p>(<i>qe</i>) the form and contents of the Monetary Policy Report to be published under sub-section (2) of section 45ZM;\".</p>","words":115,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/223/","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."}