{"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":"164","heading":"Amendment of section 34","text":"Amendment of section 34 164. In section 34 in the principal Act,— (i) | for the words \"at any time\", the words \"at any time or on being directed so to do by the Reserve Bank, shall\" shall be substituted; (ii) | for the words \"housing finance institution accepting deposits\" at both the places where they occur, the words \"housing finance institution which is a company\" shall be substituted; (iii) | after sub-section (3), the following sub-section shall be inserted, namely:— \"(4) The National Housing Bank shall submit a copy of the report of inspection referred to in sub-section (1) to the Reserve Bank.\".","html":"<p><b><b>Amendment of section 34</b></b></p><p><b><b>164</b>. </b>In section 34 in the principal Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the words \"at any time\", the words \"at any time or on being directed so to do by the Reserve Bank, shall\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for the words \"housing finance institution accepting deposits\" at both the places where they occur, the words \"housing finance institution which is a company\" shall be substituted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>after sub-section (3), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(4) The National Housing Bank shall submit a copy of the report of inspection referred to in sub-section (1) to the Reserve Bank.\".</td></tr></table></div>","words":104,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/164/","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."}