Amendment of section 269T

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (b) after the words "made the loan or deposit", the words "or paid the specified advance," shall be inserted; (B) in clause (a), after the words "loan or deposit", the words "or specified advance" shall be inserted; (C) in clause (b), the word "or" shall be inserted at the end; (D) after clause (b) and before the long line, the following clause shall be inserted, namely:- "(c) the ag....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n contained in section 269T provides that any loan or deposit shall not be repaid, otherwise than by an account payee cheque or account payee bank draft or online transfer through a bank account, by the persons specified in the said section, if the amount of such loan or deposit is twenty thousand rupees or more. It is proposed to amend the said section so as to provide that any loan or deposit....