MISCELLANEOUS - FINANCE BILL, 2018

Chapter: VIII
MISCELLANEOUS
Part: I
AMENDMENTS TO THE GOVERNMENT SAVINGS BANKS ACT, 1873
Clause 111	:	Commencement of this Part Clause 111 of the Bill seeks to provide for commencement of Part I of Chapter VIII from such date as may be notified by the ....
Clause 112	:	Substitution of long title to Act 5 of 1873 Clause 112 of the Bill seeks to amend long title of the Government Savings Banks Act, 1873. ....
Clause 113	:	Amendment of short title. Clause 113 of the Bill seeks to amend short title of the Act. ....
Clause 114	:	Substitution of words ‘‘Authorised Officer’’ for the word ‘‘Secretary’’ throughout Act Clause 114 of the Bill seeks to substitute the words Authorised Officer for Secretary , throughout the Act. ....
Clause 115	:	Omission of section 2. Clause 115 of the Bill seeks to omit section 2 of the Act. ....
Clause 116	:	Substitution of new sections 3, 3A and 3B for section 3- Definitions-Framing of Savings Schemes-Deposit by minor. Clause 116 of the Bill seeks to substitute new sections 3, 3A and 3B for the existing section 3. Section 3 relates to defini....
Clause 117	:	Amendment of section 4. Clause 117 of the Bill seeks to substitute sub-section ( 1 ) of section 4 of the Act to give the depositor the right to spec....
Clause 118	:	Amendment of section 4A. Clause 118 of the Bill seeks to amend section 4A of the Act so as to insert a new sub-section ( 3A ) to make a provision for....
Clause 119	:	Amendment of section 5 Clause 119 of the Bill seeks to amend section 5 of the Act to substitute certain words. ....
Clause 120	:	Amendment of section 6 Clause 120 of the Bill seeks to amend section 6 of the Act to substitute certain words. ....
Clause 121	:	Amendment of section 7. Clause 121 of the Bill seeks to amend section 7 of the Act to substitute certain words. ....
Clause 122	:	Insertion of new section 7A-Power to call for information Clause 122 of the Bill seeks to insert a new section 7A. The proposed new section 7A empowers the Central Government to call....
Clause 123	:	Amendment of section 8 Clause 123 of the Bill seeks to amend section 8 of the Act which relates to exemption from payment of court fee on the proba....
Clause 124	:	Amendment of section 10. Clause 124 of the Bill seeks to amend section 10 of the Act to substitute certain words. ....
Clause 125	:	Amendment of section 12. Clause 125 of the Bill seeks to amend section 12 of the Act to substitute certain words. ....
Clause 126	:	Insertion of new section 12A- Operation of account by differently abled persons. Clause 126 of the Bill seeks to insert a new section 12A to provide for operation of account by differently abled persons in....
Clause 127	:	Omission of heading Clauses 127 and 128 of the Bill seek to omit the heading and section 13 of the Act respectively. ....
Clause 128	:	Omission of section 13. Clauses 127 and 128 of the Bill seek to omit the heading and section 13 of the Act respectively. ....
Clause 129	:	Amendment of section 14. Clause 129 of the Bill seeks to amend section 14 of the Act, so as to substitute the word Government with the words Central ....
Clause 130	:	Amendment of section 15 Clause 130 of the Bill seeks to amend section 15 of the Act which relates to power of the Central Government to make rules. ....
Clause 131	:	Insertion of new section and Schedule-Repeal and savings Clause 131 of the Bill seeks to insert a new section 16 to provide for repeal of the Government Savings Certificates Act, 19....
Part: II
AMENDMENT TO THE RESERVE BANK OF INDIA ACT, 1934
Clause 132	:	Amendment of section 17 of Act 2 of 1934 Clause 132 of the Bill seeks to amend section 17 of the Reserve Bank of India Act, 1934 relating to business which the bank ....
Part: III
AMENDMENTS TO THE PRESIDENT’S EMOLUMENTS AND PENSION ACT, 1951
Clause 133	:	Commencement of this Part. Clauses 133 to 136 of the Bill seeks to amend section 1A, clause ( b ) of sub-section ( 2 ) of section 2 and sub-clause ( ii....
Clause 134	:	Amendment of section 1A. Clauses 133 to 136 of the Bill seeks to amend section 1A, clause ( b ) of sub-section ( 2 ) of section 2 and sub-clause ( ii....
Clause 135	:	Amendment of section 2 Clauses 133 to 136 of the Bill seeks to amend section 1A, clause ( b ) of sub-section ( 2 ) of section 2 and sub-clause ( ii....
Clause 136	:	Amendment of section 3A Clauses 133 to 136 of the Bill seeks to amend section 1A, clause ( b ) of sub-section ( 2 ) of section 2 and sub-clause ( ii....
Part: IV
AMENDMENT TO THE SALARIES AND ALLOWANCES OF OFFICERS OF PARLIAMENT ACT, 1953
Clause 137	:	Amendment of section 3 of Act 20 of 1953 Clause 137 of the Bill seeks to amend the Salaries and Allowances of Officers of Parliament Act, 1953. Section 3 of the afor....
Part: V
AMENDMENTS TO THE SALARY, ALLOWANCES AND PENSION OF MEMBERS OF PARLIAMENT ACT, 1954
Clause 138	:	Commencement of this Part. Clauses 138 to 142 of the Bill seeks to amend the Salary, Allowances and Pension of Members of Parliament Act, 1954. Section....
Clause 139	:	Amendment of section 3 Clauses 138 to 142 of the Bill seeks to amend the Salary, Allowances and Pension of Members of Parliament Act, 1954. Section....
Clause 140	:	Amendment of section 4 Clauses 138 to 142 of the Bill seeks to amend the Salary, Allowances and Pension of Members of Parliament Act, 1954. Section....
Clause 141	:	Amendment of section 8A Clauses 138 to 142 of the Bill seeks to amend the Salary, Allowances and Pension of Members of Parliament Act, 1954. Section....
Clause 142	:	Amendment of section 8AC Clauses 138 to 142 of the Bill seeks to amend the Salary, Allowances and Pension of Members of Parliament Act, 1954. Section....
Part: VI
AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956
Clause 143	:	Commencement of this Part Clause 143 of the Bill seeks to provide for commencement of Part VI of Chapter VIII from such date as may be notified by the....
Clause 144	:	Amendment of section 12A Clause 144 of the Bill seeks to amend section 12A of the Securities Contracts (Regulation) Act, 1956 to empower the Board to....
Clause 145	:	Amendment of section 23 Clause 145 of the Bill seeks to amend section 23 of the Securities Contracts (Regulation) Act, 1956, as a consequential amen....
Clause 146	:	Amendment of section 23A Clause 146 of the Bill seeks to amend section 23A of the Act, to clarify that any person who furnishes or files false, incor....
Clause 147	:	Amendment of section 23E Clause 147 of the Bill seeks to amend section 23E of the Act, to provide for monetary penalty for failure to comply with lis....
Clause 148	:	Amendment of section 23G Clause 148 of the Bill seeks to amend section 23G of the Act, to clarify that any stock exchange, which furnishes or files f....
Clause 149	:	Insertion of new section 23GA-Penalty for failure to conduct business in accordance with rules, etc Clause 149 of the Bill seeks to insert a new section 23GA, so as to provide for penalty under the Act, for the failure of a ....
Clause 150	:	Amendment of section 23-I Clause 150 of the Bill seeks to substitute certain words in subsection ( 1 ) of section 23-I of the Act. ....
Clause 151	:	Amendment of section 23J Clause 151 of the Bill seeks to amend section 23J of the Act, as a consequential amendment, to ensure that the factors menti....
Clause 152	:	Amendment of section 23JA Clause 152 of the Bill seeks to amend section 23JA of the Act, to provide that the settlement amount (excluding legal costs ....
Clause 153	:	Amendment of section 23JB Clause 153 of the Bill seeks to amend section 23JB of the Act, as a consequential amendment, to provide for recovery in resp....
Clause 154	:	Insertion of new section 23JC - Continuance of proceedings Clause 154 of the Bill seeks to insert a new section 23JC of the Act to provide for the continuance of proceedings, except p....
Clause 155	:	Amendment of section 23M Clause 155 of the Bill seeks to amend section 23M of the Act, as a consequential amendments, to provide for prosecution in c....
Clause 156	:	Amendment of section 24 Clause 156 of the Bill seeks to amend section 24 of the Act to enlarge the scope of the section to cover enforcement proceed....
Part: VII
AMENDMENT TO THE CENTRAL BOARDS OF REVENUE ACT, 1963
Clause 157	:	Amendment of Act 54 of 1963 Clause 157 of the Bill seeks to amend the Central Boards of Revenue Act, 1963. Sub-clause ( a ) of said clause seeks to rena....
Part: VIII
AMENDMENT TO THE GOVERNORS (EMOLUMENTS, ALLOWANCES AND PRIVILEGES) ACT, 1982
Clause 158	:	Amendment of section 3 of Act 43 of 1982. Clause 158 of the Bill seeks to amend section 3 of the Governors (Emoluments, Allowances and Privileges) Act, 1982. Section ....
Part: IX
AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987
Clause 159	:	Commencement of this Part. Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 160	:	Amendment of section 3. Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 161	:	Amendment of section 4. Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 162	:	Amendment of section 5 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 163	:	Amendment of section 6 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 164	:	Amendment of section 7 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 165	:	Amendment of section 16 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 166	:	Amendment of section 29A Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 167	:	Amendment of section 33 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 168	:	Amendment of section 33B Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 169	:	Amendment of section 37 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 170	:	Amendment of section 39 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 171	:	Amendment of section 40 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 172	:	Amendment of section 43 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 173	:	Amendment of section 45A Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Clause 174	:	Amendment of section 55 Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, through....
Part: X
AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Clause 175	:	Commencement of this Part. Clause 175 of the Bill seeks to provide for commencement of Part X of Chapter VIII from such date as may be notified by the ....
Clause 176	:	Amendment of section 11. Clauses 176 and 177 of the Bill seek to amend sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 to....
Clause 177	:	Amendment of section 11B. Clauses 176 and 177 of the Bill seek to amend sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 to....
Clause 178	:	Amendment of section 15A. Clause 178 of the Bill seeks to amend section 15A of the Act, to clarify that any person who furnishes or files false, incor....
Clause 179	:	Insertion of new sections 15EA and 15EB.-Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.-Penalty for default in case of investment adviser and research analyst. Clause 179 of the Bill seeks to insert new sections 15EA and 15EB so as to provide for monetary penalty for failure to compl....
Clause 180	:	Amendment of section 15F. Clause 180 of the Bill seeks to amend section 15F of the Act, to omit certain references not relevant for a stock-broker. ....
Clause 181	:	Amendment of section 15-I. Clause 181 of the Bill seeks to amend section 15-I of the Act, as a consequential amendment so as to enable the Board to lev....
Clause 182	:	Amendment of section 15J. Clause 182 of the Bill seeks to amend section 15J of the Act, as a consequential amendment, to ensure that the factors menti....
Clause 183	:	Amendment of section 15JB. Clause 183 of the Bill seeks to amend section 15JB of the Act, to provide for credit of settlement amounts, excluding disgor....
Clause 184	:	Amendment of section 24. Clause 184 of the Bill seeks to amend section 24 of the Act, as a consequential amendment, to provide for prosecution in cas....
Clause 185	:	Amendment of section 27. Clause 185 of the Bill seeks to amend section 27 of the Act, to enlarge the scope of the section to cover enforcement procee....
Clause 186	:	Amendment of section 28A. Clause 186 of the Bill seeks to amend section 28A of the Act, as a consequential amendment, to provide for recovery in respe....
Clause 187	:	Insertion of new section 28B - Continuance of proceedings. Clause 187 of the Bill seeks to insert a new section 28B in the Act, so as to provide for the continuance of proceedings, ex....
Part: XI
AMENDMENTS TO THE DEPOSITORIES ACT, 1996
Clause 188	:	Commencement of this Part. Clause 188 of the Bill seeks to provide for commencement of Part XI of Chapter VIII from such date as may be notified by the....
Clause 189	:	Amendment of section 19. Clause 189 of the Bill seeks to amend section 19 of the Depositories Act, 1996 to empower the Board to levy monetary penalty....
Clause 190	:	Amendment of section 19A. Clause 190 of the Bill seeks to amend clause ( a ) and clause ( b ) of section 19A of the Act, to provide that any person wh....
Clause 191	:	Insertion of new section 19FA.-Penalty for failure to conduct business in a fair manner. Clause 191 of the Bill seeks to insert a new section 19FA in the Act, for imposing monetary penalty on a depository for fail....
Clause 192	:	Amendment of section 19H. Clause 192 of the Bill seeks to amend section 19H of the Act, to provide for the Board to levy monetary penalty under the sa....
Clause 193	:	Amendment of section 19-I. Clause 193 of the Bill seeks to amend section 19-I of the Act, to provide that the factors mentioned in the said section are....
Clause 194	:	Amendment of section 19-IA. Clause 194 of the Bill seeks to amend section 19-IA of the Act, to provide that the settlement amount (excluding legal costs....
Clause 195	:	Amendment of section 19-IB. Clause 195 of the Bill seeks to amend section 19-IB of the Act, so as to provide for recovery in respect of default in payme....
Clause 196	:	Insertion of new section 19-IC.-Continuance of proceedings. Clause 196 of the Bill seeks to insert a new section 19-IC in the Act, so as to provide for the continuance of proceedings, ....
Clause 197	:	Amendment of Chapter V. Clause 197 of the Bill seeks to make consequential amendment in the Chapter heading of the Act. ....
Clause 198	:	Amendment of section 20. Clause 198 of the Bill seeks to amend section 20 of the Act, to provide for prosecution in case of default in payment of mon....
Clause 199	:	Amendment of section 21. Clause 199 of the Bill seeks to amend section 21 of the Act, to enlarge the scope of the section to cover the enforcement pr....
Clause 200	:	Omission of heading. Clause 200 of the Bill seeks to omit heading occuring before section 22 of the Act. ....
Part: XII
AMENDMENTS TO THE VICE-PRESIDENT’S PENSION ACT, 1997
Clause 201	:	Amendment of section 2 of Act 30 of 1997. Clause 201 of the Bill seeks to amend section 2 of the Vice-President's Pension Act, 1997. Section 2 of the said Act rel....
Part: XIII
AMENDMENTS TO THE CENTRAL ROAD FUND ACT, 2000
Clause 202	:	Commencement of this Part. Clause 202 of the Bill seeks to provide for commencement of Part XIII of Chapter VIII from such date as may be notified by t....
Clause 203	:	Amendment of Act 54 of 2000.- Apportionment of share of fund by Committee. Clause 203 of the Bill seeks to amend various provisions of the Central Road Fund Act, 2000. Consequential amendments are al....
Part: XIV
AMENDMENTS TO THE PREVENTION OF MONEY-LAUNDERING ACT , 2002
Clause 204	:	Commencement of this Part. Clauses 204 and 205 of the Bill seeks to amend certain provisions of the Prevention of Money-laundering Act, 2002, which inc....
Clause 205	:	Amendements to Act 15 of 2003. Clauses 204 and 205 of the Bill seeks to amend certain provisions of the Prevention of Money-laundering Act, 2002, which inc....
Part: XV
AMENDMENTS TO THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT , 2003
Clause 206	:	Commencement of this Part. Clause 206 of the Bill provides for the commencement of Part XV of Chapter VIII from such date as may be notified by the Cen....
Clause 207	:	Amendment of long title. Clause 207 of the Bill seeks to amend the long title of the Fiscal Responsibility and Budget Management Act, 2003. It provid....
Clause 208	:	Amendment of section 2. Clause 208 of the Bill seeks to amend section 2 of the Act relating to definitions. It provides for substitution of definiti....
Clause 209	:	Amendment of section 3. Clause 209 of the Bill seeks to amend section 3 of the Act relating to fiscal policy statements to be laid before Parliament....
Clause 210	:	Amendment of section 4.-Fiscal management principles. Clause 210 of the Bill seeks to amend section 4 of the Act relating to fiscal management principles. It provides for substit....
Clause 211	:	Amendment of section 5. Clause 211 of the Bill seeks to amend the section 5 of the Act relating to borrowing from Reserve Bank. It provides for subs....
Clause 212	:	Amendment of section 7. Clause 212 of the Bill seeks to amend the section 7 of the Act relating to measures to enforce compliance. It provides to am....
Clause 213	:	Amendment of section 8. Clause 213 of the Bill seeks to amend section 8 relating to power to make rules which are consequential in nature to the ame....
Part: XVI
AMENDMENTS TO THE FINANCE (NO. 2) ACT, 2004
Clause 214	:	Amendment of Act 23 of 2004. Clause 214 of the Bill seeks to amend section 97 of the Finance (No.2) Act, 2004 relating to definitions. The existing provi....
Part: XVII
AMENDMENTS TO THE FINANCE ACT, 2013
Clause 215	:	Amendment of Act 17 of 2013.- Charge of commodities transaction tax.- Value of taxable commodities transaction. Clause 215 of the Bill seeks to amend sections 116, 117, 118 and 128 of the Finance Act, 2013 relating to commodities transa....
Part: XVIII
AMENDMENTS TO THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015
Clause 216	:	Amendment of Act 22 of 2015.- Amendment of section 46.- Amendment of section 55. Clause 216 of the Bill seeks to amend the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 201....
Part: XIX
AMENDMENT TO THE FINANCE ACT, 2016
Clause 217	:	Amendment of Act 28 of 2016. Clause 217 of the Bill seeks to amend section 236 of the Finance Act, 2016 which relates to amendment to sub-clause ( vi ) o....
Part: XX
AMENDMENT TO THE CENTRAL GOODS AND SERVICES TAX ACT, 2017
Clause 218	:	Amendment of section 2 of Act 12 of 2017.-Declaration under the Provisional Collection of Taxes Act, 1931 Clause 218 of the Bill seeks to amend clause ( 16 ) of section 2 of the Central Goods and Services Tax Act, 2017, so as to s....