Public debt management agency empowered to issue and trade government securities and required to maintain audited accounts. Establishes a Public Debt Management Agency to minimise long-term cost and risk of public debt, with a Board under Central Government supervision; empowers the Agency to issue, purchase, re-issue and trade Government securities, collect and publish public debt information, carry out debt-management transactions and make payments to security holders. Requires maintenance of prescribed accounts, annual audit and certification by the Comptroller and Auditor General, submission of an annual report to the Central Government, and forwarding and laying of certified accounts, audit report and annual report before each House of Parliament; the Agency is exempt from payment of 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 empowered to issue and trade government securities and required to maintain audited accounts.
Establishes a Public Debt Management Agency to minimise long-term cost and risk of public debt, with a Board under Central Government supervision; empowers the Agency to issue, purchase, re-issue and trade Government securities, collect and publish public debt information, carry out debt-management transactions and make payments to security holders. Requires maintenance of prescribed accounts, annual audit and certification by the Comptroller and Auditor General, submission of an annual report to the Central Government, and forwarding and laying of certified accounts, audit report and annual report before each House of Parliament; the Agency is exempt from payment of taxes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
