Section 156 - Amendment of section 100 - Finance Act, 2015

Amendment of section 100 156. In section 100 of the 2004 Act,-- (i) after sub-section (2A), the following sub-section shall be inserted, namely:- (2B) The lead merchant banker appointed by the business trust in respect of an initial offer shall collect the securities transaction tax from every person who enters into a taxable securities transaction referred to in sub-clause (ab) of clause (13) of section 97 at the rates specified in section 98. ; (ii) in sub-section (3),-- (A) after the word, brackets, figure and letter sub-section (2A) , the words, brackets, figure and letter or sub-section (2B) shall be inserted; (B) after the words an initial public offer , the words or an initial offer shall be inserted; (iii) in sub-section (4), after the words an initial public offer , the words or an initial offer shall be inserted.