Amendment of section 2
Section 148 of the Finance Act, 2021 deals with amendment of section 2. Amendment of section 2. 148. In the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereafter in this Part referred to as the principal Act), in section 2,–– (i) | after clause (d), the following clause shall be inserted, namely:–– '(da) "pooled investment vehicle" means a fund established
Amendment of section 2.
148. In the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereafter in this Part referred to as the principal Act), in section 2,––
(i) after clause (d), the following clause shall be inserted, namely:–– '(da) "pooled investment vehicle" means a fund established in India in the form of a trust or otherwise, such as mutual fund, alternative investment fund, collective investment scheme or a business trust as defined in sub-section (13A) of section 2 of the Income-tax Act, 1961 (43 of 1961) and registered with the Securities and Exchange Board of India, or such other fund, which raises or collects monies from investors and invests such funds in accordance with such regulations as may be made by the Securities and Exchange Board of India in this behalf;'; (ii) in clause (h),––
(a) in sub-clause (i), for the words "other body corporate", the words "or a pooled investment vehicle or other body corporate" shall be substituted; (b) after sub-clause (id), the following sub-clause shall be inserted, namely:–– Section 148, The Finance Act, 2021.
"(ida) units or any other instrument issued by any pooled investment vehicle;".
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 148
What does Section 148 of the Finance Act deal with?
Section 148 of the Finance Act is headed "Amendment of section 2". Amendment of section 2. 148. In the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereafter in this Part referred to as the principal Act), in section 2,–– (i) | after clause (d), the following clause shall be inserted, namely:–– '(da) "pooled investment vehicle" means a fund established
How do I find court cases under Section 148 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 148, section 148 Finance Act 2021, section 148 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 148 of the Finance Act, and has it changed?
Its own text turns on section 2 (Income-tax), Income-tax Act 2 (Definitions), so none of them can safely be read on its own. 6 other provisions in this corpus refer back to it.
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.