{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":217,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/"},"unit":"section","section":{"number":"155","heading":"Amendment of section 29B","text":"Amendment of section 29B 155. In section 29B of the principal Act,— (i) | for the words \"housing finance institution\" wherever they occur, the words \"housing finance institution which is a company\" shall be substituted; (ii) | in sub-section (1), for the words \"National Housing Bank\", the words \"Reserve Bank\" shall be substituted; (iii) | in sub-section (2), for the words \"such higher percentage not exceeding twenty-five per cent., as the National Housing Bank may\", the words \"such higher percentage not exceeding twenty-five per cent., as the Reserve Bank may\" shall be substituted; (iv) | in sub-section (3), for the words \"National Housing Bank\" at both the places where they occur, the words \"Reserve Bank\" shall be substituted.","html":"<p><b><b>Amendment of section 29B</b></b></p><p><b><b>155</b>. </b>In section 29B of the principal Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the words \"housing finance institution\" wherever they occur, the words \"housing finance institution which is a company\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (1), for the words \"National Housing Bank\", the words \"Reserve Bank\" shall be substituted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in sub-section (2), for the words \"such higher percentage not exceeding twenty-five per cent., as the National Housing Bank may\", the words \"such higher percentage not exceeding twenty-five per cent., as the Reserve Bank may\" shall be substituted;</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>in sub-section (3), for the words \"National Housing Bank\" at both the places where they occur, the words \"Reserve Bank\" shall be substituted.</td></tr></table></div>","words":118,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/155/","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."}