Clause 142 - Insertion of new section 73B. - Finance Bill, 2020

Insertion of new section 73B. 142. In the Stamp Act, after section 73A, the following section shall be inserted, namely: Power to issue directions and to authorise certain authorities to issue instructions, etc. 73B. The Central Government may, ( a ) issue directions relating to such matters and subject to such conditions, as it deems necessary; ( b ) in writing, authorise the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934) to issue instructions, circulars or guidelines, for carrying out the provisions of Part AA of Chapter II and the rules made thereunder .