Section123
The Finance Act, 2015

Constitution of a Committee for administration of fund

In force Act 20 of 2015 As on 06 Oct 2026

Act 20 of 2015 Ministry Finance Cited by 2 provisions

Section 123 of the Finance Act, 2015 deals with constitution of a Committee for administration of fund. Constitution of a Committee for administration of fund 123.

Constitution of a Committee for administration of fund

123. (1) The Central Government shall constitute, by notification, an Inter-Ministerial Committee for administration of the Fund consisting of a Chairperson and such other number of Members as the Central Government may appoint.

(2) The manner of administration of the Fund, holding of meetings of the Committee, shall be in accordance with such rules as may be prescribed.

(3) It shall be competent for the Committee to spend money out of the Fund for carrying out the objects specified in sub-section (3) of section 122.

Section 123, The Finance Act, 2015 (Act 20 of 2015).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Questions about Section 123

What does Section 123 of the Finance Act deal with?

Section 123 of the Finance Act is headed "Constitution of a Committee for administration of fund". Constitution of a Committee for administration of fund 123.

How do I find court cases under Section 123 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2015 123, section 123 Finance Act 2015, section 123 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 123 of the Finance Act, and has it changed?

Its own text turns on section 122 (Establishment of Fund), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2015 as Act 20 of 2015. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.