# The Finance Act, 2015, Section 157: Amendment of section 101

- Act: The Finance Act, 2015 (Act 20 of 2015)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2015/section/157/

## Text

Amendment of section 101. 157. In section 101 of the 2004 Act, in sub-section (1),— (A) | after the words "an initial public offer", the words "or an initial offer" shall be inserted; (B) | for the words "being sale of units to such Mutual Fund during such financial year" occurring at the end, the words "during such financial year, being sale of units to such Mutual Fund or sale of unlisted shares under an initial public offer or sale of unlisted units of business trust under an initial offer, in respect of which such lead merchant banker is appointed" shall be substituted. ** | ** | **

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