Section 19. Power of Central Government to alter Schedules I and II

19. Power 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. 1. Subs. by Act 18 of 2008, s. 123, for "for a period of five years computed from the appointed day" (w.e.f. 1-2-2008). 2. Subs. by Act 8 of 2023, s. 173, for "31st day of March, 2023" (w.e.f. 1-4-2023). 3. Subs. By Act 7 of 2025, s. 136, for "2025" (w.e.f 1-4-2025). 4. The words and figures "and the Banking Regulation Act, 1949" omitted by Act 4 of 2013, s. 17 and Schedule (w.e.f. 18-12013). (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. 19. The Monthly Income Plan 1999 published on June 12, 1999, in the Gazette of India, Part III, Section 4, vide No. UT/DBDM/R-179/SPD-71-Y/98-99, dated the 5th May, 1999. 19. The UTI-Small Investors' Fund published on August 8, 1998, in the Gazette of India, Part III, Section 4, vide No. UT/DBDM/R-181/SPD-98/97-98 dated the 14th July, 1998.