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Section141
The Finance Act, 2019 (No. 2)

Insetion of new section 45NAA

In force As on 11 Oct 2026

Ministry Finance

Section 141 of the Finance Act, 2019 (No. 2) deals with insetion of new section 45NAA. Insetion of new section 45NAA. 141. After section 45NA of the principal Act, the following section shall be inserted, namely:— "45NAA.

Insetion of new section 45NAA.

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

"45NAA. Power in respect of group companies.— (1) The Bank may, at any time, direct a non-banking financial company to annex to its financial statements or furnish separately, within such time and at such intervals as may be specified by the Bank, such statements and information relating to the business or affairs of any group company of the non-banking financial company as the Bank may consider necessary or expedient to obtain for the purposes of this Act.

(2) Notwithstanding anything to the contrary contained in the Companies Act, 2013 (45 of 2013), the Bank may, at any time, cause an inspection or audit to be made of any group company of a non-banking financial company and its books of account.

Explanation.--For the purposes of this section,--

(a)"group company" shall mean an arrangement involving two or more entities related to each other through any of the following relationships, namely:—
(i)subsidiary— parent (as may be notified by the Bank in accordance with Accounting Standards);
(ii)joint venture (as may be notified by the Bank in accordance with Accounting Standards);
(iii)associate (as may be notified by the Bank in accordance with Accounting Standards);
(iv)promoter-promotee (under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the rules or regulations made thereunder for listed companies);
(v)related party;
(vi)common brand name (that is usage of a registered brand name of an entity by another entity for business purposes); and
(vii)investment in equity shares of twenty per cent. and above in the entity;
(b)"Accounting Standards" means the Accounting Standards notified by the Central Government under section 133, read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956).".
Section 141, 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

  1. Companies Act s. 469 Power of Central Government to make rules
  2. s. 133 Power to issue orders, instructions, etc

Questions about Section 141

What does Section 141 of the Finance Act, 2019 (No. 2) deal with?

Section 141 of the Finance Act, 2019 (No. 2) is headed "Insetion of new section 45NAA". Insetion of new section 45NAA. 141. After section 45NA of the principal Act, the following section shall be inserted, namely:— "45NAA.

How do I find court cases under Section 141 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) 141, section 141 Finance Act, 2019 (No. 2), section 141 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 141 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on Companies Act 469 (Power of Central Government to make rules), section 133 (Power to issue orders, instructions, etc), 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

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.