Section156
The Finance Act, 2015

Amendment of section 100

In force Act 20 of 2015 As on 07 Oct 2026

Act 20 of 2015 Ministry Finance Cited by 1 provision

Section 156 of the Finance Act, 2015 deals with amendment of section 100. 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 pe

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.
Section 156, 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 156

What does Section 156 of the Finance Act deal with?

Section 156 of the Finance Act is headed "Amendment of section 100". 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 pe

How do I find court cases under Section 156 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 156, section 156 Finance Act 2015, section 156 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 156 of the Finance Act, and has it changed?

Its own text turns on section 97 (Amendment of section 32B), section 98 (Amendment of section 32E), section 100 (Omission of section 32H), so none of them can safely be read on its own. 1 other provision in this corpus refers 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.