Amendment of Act 42 of 1956
Section 167 of the Finance Act, 2023 deals with amendment of Act 42 of 1956. PART III AMENDMENT TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 Amendment of Act 42 of 1956.
PART III
AMENDMENT TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956
Amendment of Act 42 of 1956.
167. In the Securities Contracts (Regulation) Act, 1956, in section 18A, after clause (b), the following clause shall be inserted, namely:—
'(ba) regulated by the International Financial Services Centres Authority established under section 4 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), in an International Financial Services Centre and issued by a Foreign Portfolio Investor.
Explanation.—For the purposes of this clause, the expression "Foreign Portfolio Investor" shall have the meaning assigned to it in clause (u) of rule 2 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 made under section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999);'.
Section 167, The Finance Act, 2023 (Act 8 of 2023).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 167
What does Section 167 of the Finance Act deal with?
Section 167 of the Finance Act is headed "Amendment of Act 42 of 1956". PART III AMENDMENT TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 Amendment of Act 42 of 1956.
How do I find court cases under Section 167 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 2023 167, section 167 Finance Act 2023, section 167 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 167 of the Finance Act, and has it changed?
Its own text turns on Foreign Exchange Management Act 46 (Power to make rules), International Financial Services Centres Authority Act 4 (Establishment and incorporation of Authority), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2023 as Act 8 of 2023. 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
- First Schedule. First Schedule10190 words
- 2. Income-tax8337 words
- Fourth Schedule. Fourth Schedule6615 words
- 5. Amendment of section 102717 words
- 150. Substitution of new section for section 1101621 words
- 54. Insertion of new section 115BAE1218 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.