{"act":{"id":"finance-act-2017","short_title":"The Finance Act, 2017","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.","act_number":null,"act_year":2017,"enact_date":"2017-04-17","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":198,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2017/"},"unit":"section","section":{"number":"149","heading":"Amendment of section 19-I","text":"PART IX AMENDMENT TO THE DEPOSITORIES ACT, 1996 Amendment of section 19-I 149. In the Depositories Act, 1996 (22 of 1996), in section 19-I, the following Explanation shall be inserted, namely:— ''Explanation.—For the removal of doubts, it is clarified that the power of an adjudicating officer to adjudge the quantum of penalty under section 19A to 19F shall be shall always be deemed to have been exercised under the provisions of this section.''.","html":"<p>PART IX</p><p>AMENDMENT TO THE DEPOSITORIES ACT, 1996</p><p><b>Amendment of section 19-I</b></p><p><b>149. </b>In the Depositories Act, 1996 (22 of 1996), in section 19-I, the following <i>Explanation </i>shall be inserted, namely:—</p><p>''<i>Explanation.—</i>For the removal of doubts, it is clarified that the power of an adjudicating officer to adjudge the quantum of penalty under section 19A to 19F shall be shall always be deemed to have been exercised under the provisions of this section.''.</p>","words":73,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/149/","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."}