Amendment of section 101.
158. In section 101 of the Principal Act, after the words “Mutual Fund” at both places where they occur, the words “or insurance company” shall be inserted.
Notes on Clauses:
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 consequentially amend sections 100 and 101 of the said Act so as to include insurance company within their purview.
This amendment will take effect retrospectively from 1st February, 2021.
