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 8: Power to suspend, reduce or remit the amount of compulsory deposit.
    Where the State Government has suspended payment of land-revenue, or reduced or remitted the amount of land-revenue, payable in any year in respect of any land, then, the Central Government may, by order, suspend payment of the compulsory deposit, or reduce or remit the amount of such deposit payable in that year under section 4 by a person falling under clause (a) of section 2.
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