Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Public Debt Management Agency to centralise government borrowing, issue and manage securities while operating under Board governance and tax exemption. Creates a Public Debt Management Agency under Central Government superintendence with a Board to oversee its management, empowering the Agency to collect and publish public debt information, purchase, re issue and trade Government securities, issue securities on behalf of the Government, make payments to security holders per their terms, and act under Central Government directions. Clause 135 establishes a Fund for the Agency to receive grants, loans, fees and prescribed sums to finance authorised expenses, and the Agency is proposed to be exempt from taxes.
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.
Public Debt Management Agency to centralise government borrowing, issue and manage securities while operating under Board governance and tax exemption.
Creates a Public Debt Management Agency under Central Government superintendence with a Board to oversee its management, empowering the Agency to collect and publish public debt information, purchase, re issue and trade Government securities, issue securities on behalf of the Government, make payments to security holders per their terms, and act under Central Government directions. Clause 135 establishes a Fund for the Agency to receive grants, loans, fees and prescribed sums to finance authorised expenses, and the Agency is proposed to be exempt from taxes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.