Amendment of Act 13 of 1976

Q: When was Section 226 of the Finance Act enacted?

Section 226 of the Finance Act, cited as Finance Act 2016 226, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

In force As on 10 Oct 2026

Ministry Finance Enacted 27 Jun 2016

Section 226 of the Finance Act, 2016 deals with amendment of Act 13 of 1976. PART IV Amendment to the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 Amendment of Act 13 of 1976 226 . The Act was enacted on 27 Jun 2016.

PART IV
Amendment to the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976
Amendment of Act 13 of 1976
226 . In the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 with effect from the 1st day of June, 2016,—
(a) section 2A shall be omitted;
(b) in section 3, in sub-section (1), in clause (a), the words "for Forfeited Property" shall be omitted;
(c) in section 12,—
(i) in sub-section (1),—
(A) the words "to be called the Appellate Tribunal for Forfeited Property" shall be omitted;
(B) for the words "hearing appeals against the orders made under section 7, sub-section (1) of section 9 or section 10", the following shall be substituted, namely:—
"hearing appeals against the orders made—
(a) under section 7, sub-section (1) of section 9 or section 10;
(b) under section 68F, section 68-I, sub-section (1) of section 68K or section 68L of the Narcotic Drugs and Psychotropic Substances Act, 1985 (61 of 1985);
(c) by the Adjudicating Authority or any other authority under the Prevention of Money-laundering Act, 2002 (15 of 2003).";
(ii) in sub-section (2), the words "or is qualified to be" shall be omitted;
(iii) in sub-section (6A), for the words "Bench of two members", the words "Bench with one or two members" shall be substituted;
(iv) after sub-section (6A), the following sub-sections shall be inserted, namely:—
"(6B) In the event of the occurrence of any vacancy in the office of the Chairman by reason of his death, resignation or otherwise, the senior-most member, shall act as the Chairman until the date on which a new Chairman, appointed in accordance with the provisions of this Act to fill such vacancy, enters upon his office.
(6C) When the Chairman is unable to discharge his functions owing to absence, illness or any other cause, the senior-most member shall discharge the functions of the Chairman until the date on which the Chairman resumes his duties.".
Section 226, The Finance Act, 2016.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

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Questions about Section 226

What does Section 226 of the Finance Act deal with?

Section 226 of the Finance Act is headed "Amendment of Act 13 of 1976". PART IV Amendment to the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 Amendment of Act 13 of 1976 226 .

How do I find court cases under Section 226 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 2016 226, section 226 Finance Act 2016, section 226 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 226 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), section 7 (Amendment of section 10), section 9 (Amendment of section 17), section 10 (Amendment of section 24), and on 2 further provisions, so none of them can safely be read on its own.

When was Section 226 of the Finance Act enacted?

Section 226 of the Finance Act, cited as Finance Act 2016 226, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

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70. Substitution of new section for section 1531931 words

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(a)		section 2A shall be omitted;
(b)		in section 3, in sub-section (1), in clause (a), the words "for Forfeited Property" shall be omitted;
(c)		in section 12,—

(A)		the words "to be called the Appellate Tribunal for Forfeited Property" shall be omitted;
(B)		for the words "hearing appeals against the orders made under section 7, sub-section (1) of section 9 or section 10", the following shall be substituted, namely:—
		"hearing appeals against the orders made—

(a)		under section 7, sub-section (1) of section 9 or section 10;
(b)		under section 68F, section 68-I, sub-section (1) of section 68K or section 68L of the Narcotic Drugs and Psychotropic Substances Act, 1985 (61 of 1985);
(c)		by the Adjudicating Authority or any other authority under the Prevention of Money-laundering Act, 2002 (15 of 2003).";

(ii)		in sub-section (2), the words "or is qualified to be" shall be omitted;
(iii)		in sub-section (6A), for the words "Bench of two members", the words "Bench with one or two members" shall be substituted;
(iv)		after sub-section (6A), the following sub-sections shall be inserted, namely:—
		"(6B) In the event of the occurrence of any vacancy in the office of the Chairman by reason of his death, resignation or otherwise, the senior-most member, shall act as the Chairman until the date on which a new Chairman, appointed in accordance with the provisions of this Act to fill such vacancy, enters upon his office.
		(6C) When the Chairman is unable to discharge his functions owing to absence, illness or any other cause, the senior-most member shall discharge the functions of the Chairman until the date on which the Chairman resumes his duties.".