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        Bills

        Clause 118 - Amendment of Act 49 of 1950.

        Finance Bill, 2021
        Part II
        AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950

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        Contingency Fund enhancement increases corpus by transfer from the Consolidated Fund upon Finance Bill assent. Amendment inserts a new sub section into section 2 of the Contingency Fund of India Act, 1950 to increase the authorised corpus of the Contingency Fund by a transfer from the Consolidated Fund of India; the enhancement takes effect on the date the Finance Bill, 2021 receives Presidential assent, raising the sum payable into the Contingency Fund under the Act to the newly specified amount.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Contingency Fund enhancement increases corpus by transfer from the Consolidated Fund upon Finance Bill assent.

                                Amendment inserts a new sub section into section 2 of the Contingency Fund of India Act, 1950 to increase the authorised corpus of the Contingency Fund by a transfer from the Consolidated Fund of India; the enhancement takes effect on the date the Finance Bill, 2021 receives Presidential assent, raising the sum payable into the Contingency Fund under the Act to the newly specified amount.


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