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of <h1>Section 147 of Finance Act 2019 amends Banking Companies Act 1970; effective date set by Central Government notification.</h1> Section 147 of the Finance (No. 2) Act, 2019, amends the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. This amendment specifies that the provisions within this part will become effective on a date determined by the Central Government, which will be announced through a notification in the Official Gazette.
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