Clause 118 - Amendment of Act 49 of 1950. - Finance Bill, 2021

PART II AMENDMENT TO THE CONTINGENCY FUND OF INDIA ACT, 1950 Amendment of Act 49 of 1950. 118. In section 2 of the Contingency Fund of India Act, 1950, after sub-section (2), the following sub-section shall be inserted, namely: (3) On and from the date on which the Finance Bill, 2021 receives the assent of the President, the sum which shall be paid from and out of the Consolidated Fund of India into the Contingency Fund of India under sub-section (2) shall stand enhanced to thirty thousand crores of rupees. .