Amendment of section 101

In force Act 20 of 2015 As on 07 Oct 2026

Act 20 of 2015 Ministry Finance

Section 157 of the Finance Act, 2015 deals with amendment of section 101. 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;

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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Section 157, 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

s. 101 Amendment of section 32K

Questions about Section 157

What does Section 157 of the Finance Act deal with?

Section 157 of the Finance Act is headed "Amendment of section 101". 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;

How do I find court cases under Section 157 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 157, section 157 Finance Act 2015, section 157 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 157 of the Finance Act, and has it changed?

Its own text turns on section 101 (Amendment of section 32K), so none of them can safely be read on its own.

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

First Schedule. First Schedule8029 words
Fifth Schedule. Fifth Schedule4392 words
2. Income-tax3525 words
94. Substitution of new section for section 11AC1125 words
6. Insertion of new section 9A1095 words
5. Amendment of section 91039 words

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(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.