Section139
The Finance Act, 2019 (No. 2)

Insertion of new section 45MAA

In force As on 07 Oct 2026

Ministry Finance Cited by 2 provisions

Section 139 of the Finance Act, 2019 (No. 2) deals with insertion of new section 45MAA. Insertion of new section 45MAA 139. After section 45MA of the principal Act, the following section shall be inserted, namely:— ''45MAA.

Insertion of new section 45MAA

139. After section 45MA of the principal Act, the following section shall be inserted, namely:—

''45MAA. Power to take action against auditors. —Where any auditor fails to comply with any direction given or order made by the Bank under section 45MA, the Bank, may, if satisfied, remove or debar the auditor from exercising the duties as auditor of any of the Bank regulated entities for a maximum period of three years, at a time.".

Section 139, The Finance Act, 2019 (No. 2).

Cross-references

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

Questions about Section 139

What does Section 139 of the Finance Act, 2019 (No. 2) deal with?

Section 139 of the Finance Act, 2019 (No. 2) is headed "Insertion of new section 45MAA". Insertion of new section 45MAA 139. After section 45MA of the principal Act, the following section shall be inserted, namely:— ''45MAA.

How do I find court cases under Section 139 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) 139, section 139 Finance Act, 2019 (No. 2), section 139 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 139 of the Finance Act, 2019 (No. 2), and has it changed?

2 other provisions in this corpus refer back to it.

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

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.