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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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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