{"act":{"id":"finance-act-2018","short_title":"The Finance Act, 2018","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2018-2019.","act_number":"13","act_year":2018,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":227,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2018/"},"unit":"section","section":{"number":"135","heading":"Amendment of section 17 of Act 2 of 1934","text":"PART II AMENDMENT TO THE RESERVE BANK OF INDIA A CT, 1934 Amendment of section 17 of Act 2 of 1934 135. In the Reserve Bank of India Act, 1934, in section 17, after clause (1), the following clause shall be inserted, namely:— \"(1A) The accepting of money as deposits, repayable with interest, from banks or any other person under the Standing Deposit Facility Scheme, as approved by the Central Board, from time to time, for the purposes of liquidity management;\".","html":"<p>PART II</p><p><b>AMENDMENT TO THE RESERVE BANK OF INDIA A CT, 1934</b></p><p><b>Amendment of section 17 of Act 2 of 1934</b></p><p><b>135. </b>In the Reserve Bank of India Act, 1934, in section 17, after clause (<i>1</i>), the following clause shall be inserted, namely:—</p><p>\"(<i>1A</i>) The accepting of money as deposits, repayable with interest, from banks or any other person under the Standing Deposit Facility Scheme, as approved by the Central Board, from time to time, for the purposes of liquidity management;\".</p>","words":81,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/135/","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."}