Lawgist19Power of Central Government to alter Schedules I and II
(1) The Central Government may, by notification in the Official Gazette, alter Schedules I and II.
(2) Every alteration made by the Central Government under sub-section (1) shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the alteration, or both Houses agree that the alteration should not be made, the alteration shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that alteration.
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- 12 Concession, etc., to be deemed to have been granted to specified undertaking
- 13 Tax exemption or benefit to continue to have effect
- 14 Exemption from stamp duty
- 15 Guarantee to be operative
- 16 Protection of action taken in good faith
- 17 Shares, bonds, debentures and units to be deemed to be approved securities
- 18 Substitution in every Act, rule, regulation or notification by specified company or Administrator in place of Trust
- 19 Power of Central Government to alter Schedules I and II
- 20 Power of Central Government to make Scheme
- 21 Repeal and saving of Act 52 of 1963
- 22 Act to have overriding effect
- 23 Application of other laws not barred
- 24 Power to remove difficulties
- 25 Repeal and saving
