https://www.taxtmi.com/acts?id=32198 The amendment to the Depositories Act updates the operative clause by adding an additional cross reference and replacing language that compelled the Board to act with permissive language, changing the statutory command from the Board shall to the Board may and thereby converting a mandatory duty into a discretionary power. en-us Mon, 19 Mar 2018 17:01:49 +0530 Sat, 31 Mar 2018 18:20:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32198 The amendment to the Depositories Act updates the operative clause by adding an additional cross reference and replacing language that compelled the Board to act with permissive language, changing the statutory command from the Board shall to the Board may and thereby converting a mandatory duty into a discretionary power. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 17:01:49 +0530 https://www.taxtmi.com/acts?id=32198