News Details- (Get Professional Updates on Whatsapp, Msg on 8285393786) More News

Seventeen Acts to be amended through Finance Bill

Posted Date : 23-Mar-2017 , 09:48:33 am | Posted By CASANSAAR print Print
The government plans to dissolve eight appellate tribunals immediately while also making enabling provisions in 17 legislation to bring amendments through notifications. The eight tribunals are being dissolved through the Finance Bill, 2017.

The amendments also state that the central government would have the power to amend the list of tribunals under 17 laws through a notification. Prior parliamentary approval in such cases would not be needed to bring other tribunals into this scheme.

These laws include 

Industrial Disputes Act, 1947;

 Airport Authority of India Act, 1994; 

Income Tax Act, 1961; 

Telecom Regulatory Authority of India Act, 1997; 

Customs Act, 1962; 

Trade Marks Act, 1999; 

Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976; 

Companies Act, 2013; 

Administrative Tribunals Act, 1985; 

Cinematograph Act, 1952; 

Railway Claims Tribunal Act, 1987; 

Consumer Protection Act, 1986; 

Securities and Exchange Board of India Act, 1992; 

Electricity Act, 2003; 

Recovery of Debts due to Banks and Financial Institutions Act, 1993; 

Armed Force Act; and 

National Green Tribunal Act, 2010. #casansaar (Business Standard)

Category : Finance Bill | Comments : 0 | Hits : 1178

Search News