Substitution of section 20
Section 133 of the Finance Act, 2021 deals with substitution of section 20. Substitution of section 20. 133. For section 20 of the principal Act, the following section shall be substituted, namely:— "20.
Substitution of section 20.
133. For section 20 of the principal Act, the following section shall be substituted, namely:—
"20. Chief Executive and Managing Directors.—(1) The Chief Executive shall, subject to the superintendence, control and direction of the Board, be entrusted with substantial powers of management in respect of the whole of the affairs of the Corporation.
(2) The Chief Executive shall also perform such other duties in relation to the affairs of the Corporation as the Board may entrust to him from time to time and shall, for this purpose, exercise such powers as may be conferred upon him by the Board:
Provided that the Board may also empower the Chief Executive to entrust or delegate such of his duties and powers, as it may deem fit.
(3) Every Managing Director, subject to the general control of the Chief Executive, shall perform such duties and exercise such powers as may be entrusted or delegated to him by the Board or, under sub-section (2), by the Chief Executive.".
Section 133, The Finance Act, 2021.
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 133
What does Section 133 of the Finance Act deal with?
Section 133 of the Finance Act is headed "Substitution of section 20". Substitution of section 20. 133. For section 20 of the principal Act, the following section shall be substituted, namely:— "20.
How do I find court cases under Section 133 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 133, section 133 Finance Act 2021, section 133 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 133 of the Finance Act, and has it changed?
Its own text turns on section 20 (Amendment of section 50), 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
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