(1) The Principal Act is amended in the manner and to the extent specified in Part 1 of Schedule 2.
(2) The Urban Renewal Act, 1998 and the Town Renewal Act, 2000 are amended in the manner and to the extent specified in Part 2 of Schedule 2.
(3) The following provisions of the Principal Act are repealed:
(e) Chapters 5 and 6 of Part 10, that is, sections 360 to 372,
(f) sections 372E to 372J (inserted by the Finance Act, 1998),
(g) sections 372O to 372R and 372S (inserted by the Finance Act, 1998) and section 372RA (inserted by the Finance Act, 1999),
(h) sections 372X to 372Z (inserted by the Finance Act, 1999),
(i) sections 372AE to 372AI (inserted by the Finance Act, 2000),
(j) Part 11A, that is, sections 380A to 380F (inserted by the Finance Act, 1999), and
(k) Part 11B, that is, sections 380G to 380J (inserted by the Finance Act, 2001).