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Union of India - Section

Section 133 in The Finance Act, 2018

133. Amendment of section 15.

- In section 15 of the principal Act, in sub-section (2), -
(i)clause (a) shall be omitted;
(ii)for clause (b), the following clause shall be substituted, namely: -
``(b) the conditions as to interest or discount relating to deposits generally, or any class of deposits in particular;";
(iii)for clause (g), the following clause shall be substituted, namely:-
"(g) the fees that may be levied for discharge of any services under this Act;";
(iv)for clause (i), the following clauses shall be substituted, namely: -
"(i) the limit and procedure under clause (a) of sub-section (4) of section 4A;
(j)the mode of making deposits, such as physical, electronic or through use of any other tools of communication and information technology;
(k)benchmark for interest rates on deposits with a view to ensure financial sustainability of Savings Schemes;
(l)amount to be excluded in computing the court fee chargeable under the Court-fees Act, 1870 for the purpose of section 8 of the Act;
(m)mechanism for redressal of grievances and settlement of disputes;
(n)any other matter which is required to be or may be, prescribed.".