Act Number: 21

Act Name: The Compulsory Deposit Scheme Act, 1963

Year: 1963

Enactment Date: 1963-05-22

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

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 7: Rounding off.
    Where the amount of any deposit to be made under this Act contains a part of a rupee, then, if such part is fifty naye paise or more, it shall be increased to one complete rupee and if such part is less than fifty naye paise, it shall be ignored.
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