# The Finance Act, 2015, Section 156: Amendment of section 100

- Act: The Finance Act, 2015 (Act 20 of 2015)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2015/section/156/

## Text

Amendment of section 100. 156. In section 100 of the 2004 Act,— (i) | after sub-section (2A), the following sub-section shall be inserted, namely:— "(2B) The lead merchant banker appointed by the business trust in respect of an initial offer shall collect the securities transaction tax from every person who enters into a taxable securities transaction referred to in sub-clause (ab) of clause (13) of section 97 at the rates specified in section 98."; (ii) | in sub-section (3),— (A) | after the word, brackets, figure and letter "sub-section (2A)", the words, brackets, figure and letter "or sub-section (2B)" shall be inserted; (B) | after the words "an initial public offer", the words "or an initial offer" shall be inserted; (iii) | in sub-section (4), after the words "an initial public offer", the words "or an initial offer" shall be inserted.

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