# The Finance Act, 2015, Section 29: Amendment of section 115ACA

- Act: The Finance Act, 2015 (Act 20 of 2015)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2015/section/29/

## Text

Amendment of section 115ACA. 29. In section 115ACA of the Income-tax Act, after sub-section (3), in the Explanation, in clause (a), with effect from the 1st day of April, 2016, for the words "issued to non-resident investors against the issue of ordinary shares or foreign currency convertible bonds of issuing company" occurring at the end, the following shall be substituted, namely:— "issued to investors against the issue of,— (i) | ordinary shares of issuing company, being a company listed on a recognised stock exchange in India; or (ii) | foreign currency convertible bonds of issuing company;".

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