{"act":{"id":"finance-act-2021","short_title":"The Finance Act, 2021","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2021-2022.","act_number":null,"act_year":2021,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":180,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2021/"},"unit":"section","section":{"number":"162","heading":"Amendment of Act 54 of 2002","text":"PART XI AMENDMENT TO THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Amendment of Act 54 of 2002. 162. In the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, in section 2, in sub-section (1) with effect from the 1st day of April, 2021–– (i) | in clause (f),–– (a) | for the words \"any person who\", the words \"any person who, or a pooled investment vehicle as defined in clause (da) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956.) which,\" shall be substituted; (b) | for the words \"and includes a person who\", the words \"and includes a person who, or a pooled investment vehicle which,\" shall be substituted; (ii) | in clause (zd), in sub-clause (iv), for the words \"the Board appointed by any company\", the words \"the Board and appointed\" shall be substituted.","html":"<p>PART XI</p><p>AMENDMENT TO THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002</p><p><b>Amendment of Act 54 of 2002.</b></p><p><b>162. </b>In the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, in section 2, in sub-section (<i>1</i>) with effect from the 1st day of April, 2021––</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>f</i>),––</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>for the words \"any person who\", the words \"any person who, or a pooled investment vehicle as defined in clause (<i>da</i>) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956.) which,\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>for the words \"and includes a person who\", the words \"and includes a person who, or a pooled investment vehicle which,\" shall be substituted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>zd</i>), in sub-clause (<i>iv</i>), for the words \"the Board appointed by any company\", the words \"the Board and appointed\" shall be substituted.</td></tr></table></div>","words":152,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2021/section/162/","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."}