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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2018 Chapters List Part XI AMENDMENTS TO THE DEPOSITORIES ACT, 1996 This

Clause 199 - Amendment of section 21. - FINANCE BILL, 2018

FINANCE BILL, 2018
Part XI
AMENDMENTS TO THE DEPOSITORIES ACT, 1996
  • Contents

199. Amendment of section 21.

In section 21 of the principal Act,––

(i) for the marginal heading, the following marginal heading shall be substituted, namely:-

“Contravention by companies.”;

(ii) in sub-section (1),––

(a) for the words “an offence under this Act”, the words “a contravention of any of the provisions of this Act or any rule, regulation, direction or order made thereunder ” shall be substituted;

(b) for the word “offence”, wherever it occurs, the word “contravention” shall be substituted;

(iii) in sub-section (2),––

(a) for the words “an offence under this Act”, the words “a contravention of any of the provisions of this Act or any rule, regulation, direction or order made thereunder ” shall be substituted;

(b) for the word “offence” occurring at both the places, the word “contravention” shall be substituted.

 



 

Notes on Clauses:

Clause 199 of the Bill seeks to amend section 21 of the Act, to enlarge the scope of the section to cover the enforcement proceedings, as provided therein.

 
 
 
 

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