Amendment of section 2 of Act 42 of 2010
Section 236 of the Finance Act, 2016 deals with amendment of section 2 of Act 42 of 2010. PART XIII Amendment to the Foreign Contribution (Regulation) Act, 2010 Amendment of section 2 of Act 42 of 2010 236. The Act was enacted on 27 Jun 2016.
PART XIII
Amendment to the Foreign Contribution (Regulation) Act, 2010
Amendment of section 2 of Act 42 of 2010
236. In the Foreign Contribution (Regulation) Act, 2010, in section 2, in sub-section (1), in clause (j), in sub-clause (vi), the following proviso shall be inserted and shall be deemed of have been inserted with effect from 1[the 5th August, 1976], namely:—
"Provided that where the nominal value of share capital is within the limits specified for foreign investment under the Foreign Exchange Management Act, 1999 (42 of 1999), or the rules or regulations made thereunder, then, notwithstanding the nominal value of share capital of a company being more than one-half of such value at the time of making the contribution, such company shall not be a foreign source;".
1. Substituted for "the 26th September, 2010" by the Finance Act, 2018, w.e.f. a date yet to be notified.
Section 236, 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 236
What does Section 236 of the Finance Act deal with?
Section 236 of the Finance Act is headed "Amendment of section 2 of Act 42 of 2010". PART XIII Amendment to the Foreign Contribution (Regulation) Act, 2010 Amendment of section 2 of Act 42 of 2010 236.
How do I find court cases under Section 236 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 236, section 236 Finance Act 2016, section 236 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 236 of the Finance Act, and has it changed?
Its own text turns on section 2 (Income-tax), so none of them can safely be read on its own.
When was Section 236 of the Finance Act enacted?
Section 236 of the Finance Act, cited as Finance Act 2016 236, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule21791 words
- Eighth Schedule. Eighth Schedule19903 words
- First Schedule. First Schedule8145 words
- 2. Income-tax3742 words
- 222. Insertion of new Chapter III F2100 words
- 70. Substitution of new section for section 1531931 words
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