Amendment of section 45- IA
Section 137 of the Finance Act, 2019 (No. 2) deals with amendment of section 45- IA. Amendment of section 45- IA 137. In the Reserve Bank of India Act, 1934 (2 of 1934) (hereafter in this Part referred to as the principal Act), in section 45-IA, in sub-section (1), for clause (b), the following shall be substituted, namely:— "(b) having the net owned fund of twenty-five lakh rupees
Amendment of section 45- IA
137. In the Reserve Bank of India Act, 1934 (2 of 1934) (hereafter in this Part referred to as the principal Act), in section 45-IA, in sub-section (1), for clause (b), the following shall be substituted, namely:—
"(b) having the net owned fund of twenty-five lakh rupees or such other amount, not exceeding hundred crore rupees, as the Bank may, by notification in the Official Gazette, specify:
Provided that the Bank may notify different amounts of net owned fund for different categories of non-banking financial companies.".
Section 137, The Finance Act, 2019 (No. 2).
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 137
What does Section 137 of the Finance Act, 2019 (No. 2) deal with?
Section 137 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 45- IA". Amendment of section 45- IA 137. In the Reserve Bank of India Act, 1934 (2 of 1934) (hereafter in this Part referred to as the principal Act), in section 45-IA, in sub-section (1), for clause (b), the following shall be substituted, namely:— "(b) having the net owned fund of twenty-five lakh rupees
How do I find court cases under Section 137 of the Finance Act, 2019 (No. 2)?
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, 2019 (No. 2) 137, section 137 Finance Act, 2019 (No. 2), section 137 of the Finance Act, 2019 (No. 2). 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 137 of the Finance Act, 2019 (No. 2), and has it changed?
Its own text turns on section 45 (Amendment of section 194-IA), so none of them can safely be read on its own.
When was the Finance Act, 2019 (No. 2) enacted?
Finance Act, 2019 (No. 2) was enacted in 2019. 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
- Fifth Schedule. -12409 words
- First Schedule. Income-tax9078 words
- 2. Income-tax4914 words
- 105. Insertion of new sections 101A, 101B and 101C1547 words
- 138. Insertion of new sections 45-ID and 45- IE1010 words
- 6. Amendment of section 10907 words
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