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<h1>Prescribed electronic payments: additional electronic modes recognised for section 50C consideration receipts, enabling rulemaking for validation.</h1> The amendment substitutes 'bank account' with 'bank account or through such other electronic mode as may be prescribed' in the second proviso to sub-section (1) so that the first proviso will also apply where consideration or part thereof is received by any other electronic mode prescribed by the Board; the amendment grants the Board rulemaking power to prescribe such electronic modes and applies from the commencement date stated in the Bill.