Amendment of section 4A

In force Act 13 of 2018 As on 11 Oct 2026

Act 13 of 2018 Ministry Finance

Section 120 of the Finance Act, 2018 deals with amendment of section 4A. 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

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.
Section 120, The Finance Act, 2018 (Act 13 of 2018).

Questions about Section 120

What does Section 120 of the Finance Act deal with?

Section 120 of the Finance Act is headed "Amendment of section 4A". 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

How do I find court cases under Section 120 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 2018 120, section 120 Finance Act 2018, section 120 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.

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(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;