Section 52

Special Revenue Reserve Fund in Gujarat.

The Bombay Reorganisation Act, 1960

  • Act 11 of 1960
  • Ministry of Home Affairs
  • Department of States
About this Act

An Act to provide for the reorganisation of the State of Bombay and for matters connected therewith.

All sections
    (1) Out of the investments in the cash balance investment account which remain with the State of Maharashtra after giving effect to the provisions of section 51, such securities of the value of 1,420 lakhs of rupees as the Central Government may by order specify shall stand transferred to the State of Gujarat.
     (2) There shall be constituted in the State of Gujarat a Fund to be called the Special Revenue Reserve Fund consisting of the securities transferred to that State under sub-section (1) and such other securities belonging to the State of Gujarat of the value of 1,419 lakhs of rupees as the Central Government may by order specify.
     (3) From and out of the fund constituted under sub-section (2), there shall be transferred as receipts in the revenue account of the State of Gujarat in each of the financial years specified in column 1 of the following Table a sum set out against that year in column 2 thereof, and in the financial year 1969-70, the balance, if any, remaining in that fund:—
         TABLE
     Financial year Amount in lakhs of rupees.
     (1) (2)
     1962-63 612
     1963-64 585
     1964-65 561
     1965-66 526
     1966-67 433
     1967-68 340
     1968-69 209
    

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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