Removal of conditional terms limits delegated specification power under government securities law after Finance Act amendment. The Finance Act, 2025 deletes the words ", subject to such terms and conditions as may be specified," from section 3 of the Government Securities Act, ... Summary
Removal of conditional terms limits delegated specification power under government securities law after Finance Act amendment.
The Finance Act, 2025 deletes the words ", subject to such terms and conditions as may be specified," from section 3 of the Government Securities Act, 2006, effecting a textual omission of that qualifying language from the statutory provision.
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