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The Gazette of India

EXTRAORDINARY

PART II—Section 1

PUBLISHED BY AUTHORITY

No. 51] NEW DELHI, WEDNESDAY, AUGUST 30, 1972/BHADRA 8, 1894

Separate paging is given to this Part in order that it may be filed

as a separate compilation.

MINISTRY OF LAW AND JUSTICE

(Legislative Department)

New Delhi, the 30th August 1972/Bhadra 8, 1894 (Saka)

The following Act of Parliament received the assent of the President on the 29th August, 1972, and is hereby published for general informa- tion:—

THE PUBLIC DEBT (AMENDMENT) ACT, 1972

No. 44 OF 1972

[29th August, 1972]

An Act further to amend the Public Debt Act, 1944

18 of 1944.

WHEREAS in pursuance of clause (1) of article 252 of the Constitution, each of the Houses of the Legislature of the State of Jammu and Kashmir has passed a resolution to the effect that certain matters relating to the public debt of that State, that is to say, matters for which provision Is made in the Public Debt Act, 1944, should be regulated in that State by Parliament by law;

AND WHEREAS in consequence thereof it is necessary further to amend

18 of 1944. the Public Debt Act, 1944;

BE it enacted by Parliament in the Twenty-third Year of the Republic

of India as follows: —

to as the principal Act), the words "other than the Government of Jaramu and Kashmir" shall be omitted.

Amend- ment of section 1A.

3. In sub-section (I) of section 3 of the principal Act,—

(a) in clause (Hi), the word "and", occurring at the end shall

be omitted;

Amend- ment of section 3.

(t^ in clause (iv), the word "and" shall be added at the end;

(c) after clause (iv), the following clause shall be Inserted,

namely: —

"(v) is made on or after the 1st day of September, 1972, in the case of a security issued on or after that day by the Government of the State of Jammu and Kashmir,".

4. In section 28 of the principal Act, for sub-section (3), the follow-

ing sub-section shall be substituted, namely: —

Amend- ment Of section 28.

" (3) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be com- prised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, how- ever, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.".

5. After section 30 of the principal Act, the following section shall

be inserted, namely: —

Insertion of new section 31.

"31. Any reference in this Act to a law which is not in force in the State of Jammu and Kashmir shall, wherever necessary, be construed as including a reference to the corresponding law, if any, In force in that State.".

Construc- tion of refer- ences to lawa not in force in Jammu and Kashmir,

K. K. SUNDARAM,

Joint Secy, to the Govt, of India,