MISCELLANEOUS - FINANCE BILL, 2021

Chapter: VI
MISCELLANEOUS
Part: I
AMENDMENT TO THE INDIAN STAMP ACT, 1899
Clause 117	:	Insertion of new section 8G. Clause 117 of the Bill seeks to insert a new section 8G in the Indian Stamp Act, 1899 to provide that strategic sale, disinv....
Part: II
AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950
Clause 118	:	Amendment of Act 49 of 1950. Clause 118 of the Bill seeks to insert a new sub-section (3) in section 2 of the Contingency Fund of India Act, 1950 relatin....
Part: III
AMENDMENTS TO THE LIFE INSURANCE CORPORATION ACT, 1956
Clause 119	:	Commencement of this Part. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 120	:	Amendment of section 2. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 121	:	Substitution of section 4. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 122	:	Substitution of section 5. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 123	:	Substitution of section 19. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 124	:	Substitution of section 20. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 125	:	Amendment of section 22. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 126	:	Insertion of new section 23A. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 127	:	Substitution of section 24. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 128	:	Substitution of section 25. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 129	:	Amendment of section 26. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 130	:	Amendment of section 27. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 131	:	Amendment of section 28. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 132	:	Amendment of section 28A. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 133	:	Insertion of new sections 28B and 28C. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 134	:	Substitution of sections 46 and 47. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 135	:	Amendment of section 48. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 136	:	Amendment of section 49. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Clause 137	:	Insertion of sections 50 and 51. Clauses 119 to 137 of the Bill seek to amend certain provisions of the Life Insurance Corporation Act, 1956 (hereinafter ref....
Part: IV
AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956
Clause 138	:	Commencement of this Part. Clauses 138 to 140 of the Bill seeks to amend the provisions of the Securities Contracts (Regulation) Act, 1956. It is propo....
Clause 139	:	Amendment of section 2. Clauses 138 to 140 of the Bill seeks to amend the provisions of the Securities Contracts (Regulation) Act, 1956. It is propo....
Clause 140	:	Insertion of new section 30B. Clauses 138 to 140 of the Bill seeks to amend the provisions of the Securities Contracts (Regulation) Act, 1956. It is propo....
Part: V
AMENDMENT TO THE CENTRAL SALES TAX ACT, 1956
Clause 141	:	Amendment of Act 74 of 1956. Clause 141 of the Bill seeks to amend sub-section (3) of section 8 of the Central Sales Tax Act, 1956 by substituting clause....
Part: VI
AMENDMENTS TO THE PROHIBITION OF BENAMI PROPERTY TRANSACTION ACT, 1988
Clause 142	:	Commencement of this Part. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 143	:	Amendment of section 2. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 144	:	Substitution of section 7. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 145	:	Omission of sections 8 to 17. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 146	:	Amendment of section 26. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Clause 147	:	Amendment of section 68. Clauses 142 to 147 of the Bill seeks to amend certain provisions of the Prohibition of Benami Property Transactions Act, 198....
Part: VII
AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
Clause 148	:	Amendment of Act 15 of 1992. Clause 148 of the Bill seeks to amend section 12 of the Securities and Exchange Board of India Act, 1992 relating to regulat....
Part: VIII
AMENDMENT TO THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993
Clause 149	:	Amendment of Act 51 of 1993. Clause 149 of the Bill seeks to amend section 2 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 r....
Part: IX
AMENDMENT TO THE FINANCE ACT, 2001
Clause 150	:	Amendment of Seventh Schedule. Clause 150 of the Bill seeks to amend the Seventh Schedule of the Finance Act, 2001, with effect from 1st January, 2022. ....
Part: X
AMENDMENT TO THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002
Clause 151	:	Amendment of Act 54 of 2002. Clause 151 of the Bill seeks to amend the provisions of section 2 of the Securitisation and Reconstruction of Financial Asse....
Part: XI
AMENDMENTS TO THE INDUSTRIAL DEVELOPMENT BANK (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2003
Clause 152	:	Commencement of this Part. Clauses 152 and 153 of the Bill seeks to amend the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 200....
Clause 153	:	Amendment of section 3. Clauses 152 and 153 of the Bill seeks to amend the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 200....
Part: XII
AMENDMENTS TO THE FINANCE (NO.2) ACT, 2004
Clause 154	:	Commencement of this Part. Clause 154 and 155 of the Bill seeks to amend section 97 of the Finance Act (No.2) Act, 2004. Chapter-VII of the said Act pr....
Clause 155	:	Amendment of section 97. Clause 154 and 155 of the Bill seeks to amend section 97 of the Finance Act (No.2) Act, 2004. Chapter-VII of the said Act pr....
Clause 156	:	Amendment of section 98. Clause 156 of the Bill seeks to amend section 98 of the Finance Act (No.2) Act, 2004. It is proposed to insert serial number....
Clause 157	:	Amendment of section 100. Clauses 157 and 158 of the Bill seeks to amend sections 100 and 101 of the Finance Act (No.2) Act, 2004. It is proposed to c....
Clause 158	:	Amendment of section 101. Clauses 157 and 158 of the Bill seeks to amend sections 100 and 101 of the Finance Act (No.2) Act, 2004. It is proposed to c....
Part: XIII
AMENDMENT TO THE FINANCE ACT, 2016
Clause 159	:	Amendment of Act 28 of 2016. Clause 159 of the Bill seeks to amend sections 163, 164,165A and 191 of the Finance Act, 2016. It is proposed to insert a pr....
Part: XIV
AMENDMENT TO THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020
Clause 160	:	Amendment of Act 3 of 2020. Clause 160 of the Bill seeks to amend section 2 of the Direct Tax Vivad se Vishwas Act, 2020 relating to definitions. It is ....