Amendment of Act 49 of 1950
Section 127 of the Finance Act, 2021 deals with amendment of Act 49 of 1950. PART II AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950 Amendment of Act 49 of 1950.
PART II
AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950
Amendment of Act 49 of 1950.
127. In section 2 of the Contingency Fund of India Act, 1950, after sub-section (2), the following sub-section shall be inserted, namely:––
"(3) On and from the date on which the Finance Bill, 2021 receives the assent of the President, the sum which shall be paid from and out of the Consolidated Fund of India into the Contingency Fund of India under sub-section (2) shall stand enhanced to thirty thousand crores of rupees.".
Section 127, The Finance Act, 2021.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 127
What does Section 127 of the Finance Act deal with?
Section 127 of the Finance Act is headed "Amendment of Act 49 of 1950". PART II AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950 Amendment of Act 49 of 1950.
How do I find court cases under Section 127 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 2021 127, section 127 Finance Act 2021, section 127 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 127 of the Finance Act, and has it changed?
Its own text turns on Contingency Fund of India Act 2 (Establishment of the Contingency Fund of India), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2021. 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
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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.