Amendment of section 3
Section 165 of the Finance Act, 2021 deals with amendment of section 3. Amendment of section 3. 165. In the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 (53 of 2003), in section 3, in sub-section (2),- (i) | in the opening paragraph, the words "in addition to the business which may be carried on and transacted by the Development Bank" shall
Amendment of section 3.
165. In the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 (53 of 2003), in section 3, in sub-section (2),-
Section 165, The Finance Act, 2021.
(i) in the opening paragraph, the words "in addition to the business which may be carried on and transacted by the Development Bank" shall be omitted; (ii) after the proviso, the following proviso shall be inserted, namely:- "Provided further that the provisions of clause (a) to the proviso, shall cease to be applicable immediately after the commencement of Part XIII of the Finance Act, 2021, and from such commencement, the Company shall be deemed to have obtained licence under section 22 of the Banking Regulation Act, 1949 (10 of 1949).".
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 165
What does Section 165 of the Finance Act deal with?
Section 165 of the Finance Act is headed "Amendment of section 3". Amendment of section 3. 165. In the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 (53 of 2003), in section 3, in sub-section (2),- (i) | in the opening paragraph, the words "in addition to the business which may be carried on and transacted by the Development Bank" shall
How do I find court cases under Section 165 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 165, section 165 Finance Act 2021, section 165 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 165 of the Finance Act, and has it changed?
Its own text turns on section 3 (Amendment of section 2), 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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