{"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":"157","heading":"Substitution of section 30","text":"Substitution of section 30 157. For section 30 of the principal Act, the following section shall be substituted, namely:— \"30. Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money..—The Reserve Bank may, if it considers necessary in the public interest so to do, by general or special order,— (a) | regulate or prohibit the issue by any housing finance institution which is a company of any prospectus or advertisement soliciting deposits of money from the public; and (b) | specify the conditions subject to which any such prospectus or advertisement, if not prohibited, may be issued.\".","html":"<p><b><b>Substitution of section 30</b></b></p><p><b><b>157</b>. </b>For section 30 of the principal Act, the following section shall be substituted, namely:—</p><p>\"30. <i>Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money..—</i>The Reserve Bank may, if it considers necessary in the public interest so to do, by general or special order,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>regulate or prohibit the issue by any housing finance institution which is a company of any prospectus or advertisement soliciting deposits of money from the public; and</td></tr><tr><td>(<i>b</i>)</td><td></td><td>specify the conditions subject to which any such prospectus or advertisement, if not prohibited, may be issued.\".</td></tr></table></div>","words":102,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/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."}