Section 16

Scheme to be laid before the House of Parliament. Repealed

The Compulsory Deposit Scheme Act, 1963

  • Act 21 of 1963
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act to provide in the interest of national economic development for compulsory deposit and for the framing of a scheme in relation thereto.

All sections
    Any scheme framed under this Act shall be laid, as soon as may be, after it is framed 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 that session in which it is so laid or the session or sessions immediately following both Houses agree in asking any modification in any provision of the scheme or both Houses agree that any provision in the scheme should not be made, the provision of the scheme 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 provision.
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