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IndiaCode Laws
Section194
The Finance Act, 2018

Insertion of new section 19FA

In force Act 13 of 2018 As on 11 Oct 2026

Act 13 of 2018 Ministry Finance Cited by 1 provision

Section 194 of the Finance Act, 2018 deals with insertion of new section 19FA. Insertion of new section 19FA 194. After section 19F of the principal Act, the following section shall be inserted, namely:— "19FA.

Insertion of new section 19FA

194. After section 19F of the principal Act, the following section shall be inserted, namely:—

"19FA. Penalty for failure to conduct business in a fair manner—Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets in a fair manner in accordance with the rules, regulations made by the Board or directions issued by the Board under this Act, it shall be liable to penalty which shall not be less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is higher.".

Section 194, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

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

Referred to by 1

  1. s. 2 Income-tax

Questions about Section 194

What does Section 194 of the Finance Act deal with?

Section 194 of the Finance Act is headed "Insertion of new section 19FA". Insertion of new section 19FA 194. After section 19F of the principal Act, the following section shall be inserted, namely:— "19FA.

How do I find court cases under Section 194 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 194, section 194 Finance Act 2018, section 194 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 194 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

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.

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.