Repeal of Government Securities Act: prior government securities and actions deemed effective under new public debt management chapter. The provision repeals the Government Securities Act and, as a transitional measure, deems all government securities issued before repeal to have been issued under Chapter VII of the Finance Act, 2015, and deems prior acts or exercises of power under the repealed Act to have been done under that Chapter as if it had been in force at all material times.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal of Government Securities Act: prior government securities and actions deemed effective under new public debt management chapter.
The provision repeals the Government Securities Act and, as a transitional measure, deems all government securities issued before repeal to have been issued under Chapter VII of the Finance Act, 2015, and deems prior acts or exercises of power under the repealed Act to have been done under that Chapter as if it had been in force at all material times.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
