Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Government power to issue directions and empower regulators to issue instructions for enforcing Part AA financial provisions. The Bill inserts section 73B empowering the Central Government to issue directions and to authorise financial regulators in writing to issue instructions, ... Summary
Government power to issue directions and empower regulators to issue instructions for enforcing Part AA financial provisions.
The Bill inserts section 73B empowering the Central Government to issue directions and to authorise financial regulators in writing to issue instructions, circulars or guidelines for carrying out the provisions of Part AA of Chapter II and the rules thereunder; it also adds a proviso to exempt instruments of transactions on stock exchanges and depositories in an International Financial Services Centre from stamp duty, with retrospective effect for implementing Part AA.
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