Daily Email Newsletter (Sign-up Free)

Section 29 (Removal of Difficulties) and Sec 30 of Depositories Act 1996

Sections 29 and 30 under Chapter VI (Miscellaneous) of the Depositories Act 1996 ⦂‒

Section 29. Removal of difficulties.—

❝(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as appear to it to be necessary or expedient for removing the difficulty:

 Provided that no order shall be made under this section after the expiry of a period of two years from the commencement of this Act.

(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.❞



Section 30. Amendments to certain enactments.— Section 30 of the Act was repealed by the Repealing and Amending Act, 2001 (30 of 2001), sec. 2 and the First Schedule (w.e.f. 3-9-2001).



..............................................................

Notes:

The Depositories Act 1996 was amended by the:
- Depositories Related Laws (Amendment) Act, 1997 (Act No. 08 of 1997);
- Securities Laws (Second Amendment) Act, 1999 (Act No. 32 of 1999);
- Securities Laws (Amendment) Act, 2004 (Act No. 01 of 2005);
- Securities Laws (Amendment) Act, 2014 (Act No. 27 of 2014);
- Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (Act No. 44 of 2016);
- Finance Act, 2017 (Act No. 07 of 2017).

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.