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Section128
The Finance Act, 2015

Power of Central Government to make rules

In force Act 20 of 2015 As on 07 Oct 2026

Act 20 of 2015 Ministry Finance Instruments 1

Section 128 of the Finance Act, 2015 deals with power of Central Government to make rules. PART IV MISCELLANEOUS Power of Central Government to make rules 128.

PART IV

MISCELLANEOUS

Power of Central Government to make rules

128. (1) The Central Government may, by notification, make rules for carrying out the provisions of this Chapter.

(2) Without prejudice to the generality of the powers conferred by sub-section (1), such rules may provide for—

(a)such other amounts referred to in clause (c) of sub-section (2) of section 122;
(b)the utilisation of the Fund for the purposes under sub-section (3) of section 122;
(c)the composition of the Committee for managing the Fund under sub-section (2) of section 123;
(d)the manner of administration of the Fund and the procedure relating to holding of the meetings of the Committee under sub-section (2) of section 123;
(e)the manner of giving notice to the public about the existence of the unclaimed amounts under sub-section (2) of section 125;
(f)any other matter which is required to be, or may be, prescribed.

(3) Every rule made under this section, shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.

Section 128, 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.

This section refers to

  1. s. 122 Establishment of Fund
  2. s. 123 Constitution of a Committee for administration of fund
  3. s. 125 Publication of information

Made under this section, and citing it

1 instrument states that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.

All subordinate legislation

Questions about Section 128

What does Section 128 of the Finance Act deal with?

Section 128 of the Finance Act is headed "Power of Central Government to make rules". PART IV MISCELLANEOUS Power of Central Government to make rules 128.

How do I find court cases under Section 128 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 128, section 128 Finance Act 2015, section 128 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 128 of the Finance Act, and has it changed?

Its own text turns on section 122 (Establishment of Fund), section 123 (Constitution of a Committee for administration of fund), section 125 (Publication of information), so none of them can safely be read on its own. The rules and notifications made under it are where it actually bites, and there is one: most recently notification for senior citizens' welfare fund rules (2016).

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.