# The Finance Act, 2017, Section 149: Amendment of section 19-I

- Act: The Finance Act, 2017
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2017/section/149/

## Text

PART IX AMENDMENT TO THE DEPOSITORIES ACT, 1996 Amendment of section 19-I 149. In the Depositories Act, 1996 (22 of 1996), in section 19-I, the following Explanation shall be inserted, namely:— ''Explanation.—For the removal of doubts, it is clarified that the power of an adjudicating officer to adjudge the quantum of penalty under section 19A to 19F shall be shall always be deemed to have been exercised under the provisions of this section.''.

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