"(2A) Every rule made by the Central Government under this Act 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 rule or both Houses agree that the rule should not be made, the rule 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 rule.".
Insertion of new section
62A.
Penalty for failure to comply with provisions of section 9A.
Insertion of new section
73A.
Power of Central Government to make rules.
Amendment of section 76.
SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 15
21. In Schedule I of the principal Act,—
(i) in Article 19, in column (1),—
(a) after the words "CERTIFICATE OR OTHER DOCUMENT", the brackets, words, figures and letter "(except the certificate or other document covered under Articles 27 and 56A)" shall be inserted;
(b) the words, brackets and figures "See also LETTER OF ALLOTMENT OF SHARES (No. 36)" shall be omitted;
(ii) for Article 27 and the entries relating thereto, the following Article and entries shall be subsitituted, namely:—
(1) (2) "27. DEBENTURE—[as defined by section 2 (10A)] (see sections 9A and 9B)
(a) in case of issue of debenture; 0.005%
(b) in case of transfer and re-issue of debenture. 0.0001%";
(iii) in Article 28, for the entry in column (1), after the words "DELIVERY ORDER IN RESPECT OF GOODS,", the brackets and words "(excluding delivery order in respect of settlement of transactions in securities in stock exchange)" shall be inserted;
(iv) in Article 36, for the entry in column (1), the following entry shall be substituted, namely:— "36. LETTER OF ALLOTMENT in respect of any loan to be raised by any company or proposed company.";
(v) after Article 56 and the entry relating thereto, the following Article and entries shall be inserted, namely:—
(1) (2) "56A. SECURITY OTHER THAN DEBENTURES (see sections 9A and 9B)—
(a) issue of security other than debenture; 0.005%
(b) transfer of security other than debenture on delivery basis; 0.015%
(c) transfer of security other than debenture on non-delivery basis; 0.003%
(d) derivatives—
(i) futures (equity and commodity) 0.002%
(ii) options (equity and commodity) 0.003%
(iii) currency and interest rate derivatives 0.0001%
(iv) other derivatives 0.002%
(e) Government securities 0%
(f) repo on corporate bonds 0.00001%";
(vi) in Article 62, items (a) and (b) and the entries relating thereto shall be omitted.
PART II AMENDMENT TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002
22. In section 8 of the Prevention of Money-laundering Act, 2002, in sub-section (3), with effect from such date as the Central Government may, by notification in the Official Gazette, appoint,—
(i) in clause (a), for the words "ninety days", the words "three hundred and sixty-five days" shall be substituted;
Amendment of Schedule I.
Amendment of section 8 of Act 15 of
2003.