Section149
The Finance Act, 2017

Amendment of section 19-I

In force As on 07 Oct 2026

Ministry Finance Enacted 17 Apr 2017

Section 149 of the Finance Act, 2017 deals with amendment of section 19-I. PART IX AMENDMENT TO THE DEPOSITORIES ACT, 1996 Amendment of section 19-I 149. The Act was enacted on 17 Apr 2017.

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.''.

Section 149, The Finance Act, 2017.

Cross-references

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

This section refers to

  1. s. 19 Amendment of section 44AA

Questions about Section 149

What does Section 149 of the Finance Act deal with?

Section 149 of the Finance Act is headed "Amendment of section 19-I". PART IX AMENDMENT TO THE DEPOSITORIES ACT, 1996 Amendment of section 19-I 149.

How do I find court cases under Section 149 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 2017 149, section 149 Finance Act 2017, section 149 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 149 of the Finance Act, and has it changed?

Its own text turns on section 19 (Amendment of section 44AA), so none of them can safely be read on its own.

When was Section 149 of the Finance Act enacted?

Section 149 of the Finance Act, cited as Finance Act 2017 149, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.