Act Number: 18

Act Name: The Public Debt Act, 1944

Year: 1944

Enactment Date: 1944-11-22

Long Title: An Act to consolidate and amend the law relating to Government securities and to the management by the Reserve Bank of India of the public debt of the Government.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 24: Period of limitation of Government’s liability in respect of interest.
    Where no shorter period of limitation is fixed by any law for the time being in force, the liability of 1[the Government] in respect of any interest payment due on a Government security shall terminate on the expiry of six years from the date on which the amount due by way of interest became payable.
Notes:
1. Subs. by Act 6 of 1949, s. 6, for "The Central Government" (w.e.f. 1-4-1949).
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