{"act":{"id":"finance-act-2020","short_title":"The Finance Act, 2020","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2020-2021.","act_number":null,"act_year":2020,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":157,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2020/"},"unit":"section","section":{"number":"144","heading":"Insertion of new section 73B","text":"Insertion of new section 73B 144. In the Stamp Act, after section 73A, the following section shall be inserted, namely:-- \"73B. Power to issue directions and to authorize certain authorities to issue instructions, etc.-The Central Government may,- (a) | issue directions relating to such matters and subject to such conditions, as it deems necessary; (b) | in writing, authorise the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934) to issue instructions, circulars or guidelines, for carrying out the provisions of Part AA of Chapter II and the rules made thereunder.\".","html":"<p><b>Insertion of new section 73B</b></p><p><b>144. </b>In the Stamp Act, after section 73A, the following section shall be inserted, namely:--</p><p>\"73B. <i>Power to issue directions and to authorize certain authorities to issue instructions, etc</i>.-The Central Government may,-</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>issue directions relating to such matters and subject to such conditions, as it deems necessary;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in writing, authorise the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934) to issue instructions, circulars or guidelines,</td></tr></table></div><p>for carrying out the provisions of Part AA of Chapter II and the rules made thereunder.\".</p>","words":126,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/144/","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."}