# The Finance Act, 2018, Section 120: Amendment of section 4A

- Act: The Finance Act, 2018 (Act 13 of 2018)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2018/section/120/

## Text

Amendment of section 4A 120. In section 4A of the principal Act,— (a) | after sub-section (3), the following sub-section shall be inserted, namely:— "(3A) Where the deposit belongs to a minor or to a person of unsound mind who dies and there is no nominee immediately before the date of commencement of Part I of Chapter VIII of the Finance Act, 2018, the deposit shall be paid to the guardian."; (b) | in sub-section (4),— (i) | in clause (a), for the words "deceased; and", the words "deceased in accordance with such procedure as may be prescribed." shall be substituted; (ii) | clause (b) shall be omitted; (c) | sub-section (5) shall be omitted.

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