{"act":{"id":"finance-act-2022","short_title":"The Finance Act, 2022","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2022-2023.","act_number":"6","act_year":2022,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":134,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2022/"},"unit":"section","section":{"number":"125","heading":"Amendment of Act 2 of 1934","text":"CHAPTER V MISCELLANEOUS Part I Amendments to the Reserve Bank of India Act , 1934 Amendment of Act 2 of 1934. 125.  In the Reserve Bank of India Act, 1934,— (a) | in section 2, after clause (aiii), the following clause shall be inserted, namely:— '(aiv) | \"bank note\" means a bank note issued by the Bank, whether in physical or digital form, under section 22;'; (b) | after section 22, the following section shall be inserted, namely:-- \"22A. Non applicability of certain provisions to digital form of bank notes.— Nothing contained in sections 24, 25, 27, 28 and 39 shall apply to the bank notes issued in digital form by the Bank. \".","html":"<p>CHAPTER V</p><p><b>MISCELLANEOUS</b></p><p>Part I</p><p>Amendments to the Reserve Bank of India Act , 1934</p><p><b>Amendment of Act 2 of 1934.</b></p><p><b>125. </b> In the Reserve Bank of India Act, 1934,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in section 2, after clause (<i>aiii</i>), the following clause shall be inserted, namely:—</td></tr><tr><td>'(<i>aiv</i>)</td><td></td><td>\"bank note\" means a bank note issued by the Bank, whether in physical or digital form, under section 22;';</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after section 22, the following section shall be inserted, namely:--</td></tr></table></div><p>\"22A. <i>Non applicability of certain provisions to digital form of bank notes.</i>— Nothing contained in sections 24, 25, 27, 28 and 39 shall apply to the bank notes issued in digital form by the Bank. \".</p>","words":114,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2022/section/125/","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."}