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TypeBare Act JurisdictionCentral Government

Finance Act,1990 Section 43

Insertion of New Section 271bb

~1 min read
https://sooperkanoon.com/act/17233

Bare act section · Research

About this section

Finance Act,1990 Section 43 is part of Finance Act,1990 - Insertion of New Section 271bb. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 271B of the Income-tax Act, the following section shall be inserted, namely :-

"271BB. Failure to subscribe to the eligible issue of capital. -

Whoever fails to subscribe any amount of subscription to the units issued under any scheme referred to in sub-section (1) of section 88A to the eligible issue of capital under that sub-section within the period of six months specified therein, may be directed by the Deputy Commissioner to pay, by way of penalty, a sum equal to twenty per cent. of such amount.".

Frequently asked questions

What does Finance Act,1990 Section 43 provide?

Section Section 43 of the Finance Act,1990 (Insertion of New Section 271bb) is reproduced on this page as part of the Finance Act,1990. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act,1990 Section 43?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act,1990 Section 43. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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