Amendment of Act 12 of 2003

Q: When was Section 171 of the Finance Act enacted?

Section 171 of the Finance Act, cited as Finance Act 2017 171, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

In force As on 10 Oct 2026

Ministry Finance Enacted 17 Apr 2017

Section 171 of the Finance Act, 2017 deals with amendment of Act 12 of 2003. H.—AMENDMENTS TO THE COMPETITION ACT, 2002 AND THE COMPANIES ACT, 2013. The Act was enacted on 17 Apr 2017.

H.—AMENDMENTS TO THE COMPETITION ACT, 2002 AND THE COMPANIES ACT, 2013.
Amendment of Act 12 of 2003
171. In the Competition Act, 2002,—
(a) in section 2, for clause (ba), the following clause shall be substituted, namely:—
'(ba) "Appellate Tribunal" means the National Company Law Appellate Tribunal referred to in sub-section (1) of section 53A;';
(b) in Chapter VIIIA, for the heading, the following heading shall be substituted, namely:—
"APPELLATE TRIBUNAL";
(c) for section 53A, the following section shall be substituted, namely:—
"53A. Appellate Tribunal.— The National Company Law Appellate Tribunal constituted under section 410 of the Companies Act, 2013 (18 of 2013) shall, on and from the commencement of Part XIV of Chapter VI of the Finance Act, 2017, be the Appellate Tribunal for the purposes of this Act and the said Appellate Tribunal shall—
(a) hear and dispose of appeals against any direction issued or decision made or order passed by the Commission under sub-sections (2) and (6) of section 26, section 27, section 28, section 31, section 32, section 33, section 38, section 39, section 43, section 43A, section 44, section 45 or section 46 of this Act; and
(b) adjudicate on claim for compensation that may arise from the findings of the Commission or the orders of the Appellate Tribunal in an appeal against any finding of the Commission or under section 42A or under sub-section (2) of section 53Q of this Act, and pass orders for the recovery of compensation under section 53N of this Act.";
(c) sections 53C, 53D, 53E, 53F, 53G, 53H, 53-I, 53J, 53K, 53L, 53M and 53R shall be omitted;
(d) in section 63, in sub-section (2), clauses (mb), (mc) and (md) shall be omitted.
Section 171, 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

Questions about Section 171

What does Section 171 of the Finance Act deal with?

Section 171 of the Finance Act is headed "Amendment of Act 12 of 2003". H.—AMENDMENTS TO THE COMPETITION ACT, 2002 AND THE COMPANIES ACT, 2013.

How do I find court cases under Section 171 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 171, section 171 Finance Act 2017, section 171 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 171 of the Finance Act, and has it changed?

Its own text turns on Companies Act 410 (Constitution of Appellate Tribunal), section 2 (Income-tax), section 26 (Insertion of new section 50CA), section 27 (Amendment of section 54EC), and on 12 further provisions, so none of them can safely be read on its own.

When was Section 171 of the Finance Act enacted?

Section 171 of the Finance Act, cited as Finance Act 2017 171, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. Income-tax8321 words
2. Income-tax4071 words
148. Amendment of Chapter VIB1616 words
47. Amendment of section 115JB1176 words
6. Amendment of section 10856 words
Sixth Schedule. Sixth Schedule820 words

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(a)		in section 2, for clause (ba), the following clause shall be substituted, namely:—
		'(ba) "Appellate Tribunal" means the National Company Law Appellate Tribunal referred to in sub-section (1) of section 53A;';
(b)		in Chapter VIIIA, for the heading, the following heading shall be substituted, namely:—

(c)		for section 53A, the following section shall be substituted, namely:—
		"53A. Appellate Tribunal.— The National Company Law Appellate Tribunal constituted under section 410 of the Companies Act, 2013 (18 of 2013) shall, on and from the commencement of Part XIV of Chapter VI of the Finance Act, 2017, be the Appellate Tribunal for the purposes of this Act and the said Appellate Tribunal shall—

(a)		hear and dispose of appeals against any direction issued or decision made or order passed by the Commission under sub-sections (2) and (6) of section 26, section 27, section 28, section 31, section 32, section 33, section 38, section 39, section 43, section 43A, section 44, section 45 or section 46 of this Act; and
(b)		adjudicate on claim for compensation that may arise from the findings of the Commission or the orders of the Appellate Tribunal in an appeal against any finding of the Commission or under section 42A or under sub-section (2) of section 53Q of this Act, and pass orders for the recovery of compensation under section 53N of this Act.";
(c)		sections 53C, 53D, 53E, 53F, 53G, 53H, 53-I, 53J, 53K, 53L, 53M and 53R shall be omitted;
(d)		in section 63, in sub-section (2), clauses (mb), (mc) and (md) shall be omitted.