Senior Citizens' Welfare Fund amendments give Chapter VII overriding effect and remove specified procedural and payment provisions. Clause 235 amends the Finance Act, 2015 concerning the Senior Citizens' Welfare Fund: it omits clause (ii) of section 4; it makes section 122(2) state ... Summary
Senior Citizens' Welfare Fund amendments give Chapter VII overriding effect and remove specified procedural and payment provisions.
Clause 235 amends the Finance Act, 2015 concerning the Senior Citizens' Welfare Fund: it omits clause (ii) of section 4; it makes section 122(2) state that credit balances in the Fund are governed by Chapter VII notwithstanding other laws; it omits section 124(5) on payment of claims to persons claiming entitlement to unclaimed amounts; and it omits clause (c) of section 128(2) concerning rulemaking powers for Chapter VII.
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