Amendment of Act 15 of 1992
Section 159 of the Finance Act, 2021 deals with amendment of Act 15 of 1992. PART VIII AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 Amendment of Act 15 of 1992.
PART VIII
AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Amendment of Act 15 of 1992.
159. In the Securities and Exchange Board of India Act, 1992, in section 12, after sub-section (1B), the following sub-section shall be inserted with effect from the 1st day of April, 2021, namely:––
"(1C) No person shall sponsor or cause to be sponsored or carry on or cause to be carried on the activity of an alternative investment fund or a business trust as defined in clause (13A) of section 2 of the Income-tax Act, 1961 (43 of 1961), unless a certificate of registration is granted by the Board in accordance with the regulations made under this Act.".
Section 159, The Finance Act, 2021.
Cross-references
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Questions about Section 159
What does Section 159 of the Finance Act deal with?
Section 159 of the Finance Act is headed "Amendment of Act 15 of 1992". PART VIII AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 Amendment of Act 15 of 1992.
How do I find court cases under Section 159 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 159, section 159 Finance Act 2021, section 159 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 159 of the Finance Act, and has it changed?
Its own text turns on section 12 (Amendment of section 43CA), Income-tax Act 2 (Definitions), 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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