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CAPITAL ISSUES (CONTROL) REPEAL ACT ,1992

Ministry of Law and Justice

Act nº 26 of 1992


  • Act nº 26 of 1992

Preamble

CAPITAL ISSUES (CONTROL) REPEAL ACT ,1992

[Act, No. 26 of 1992]

[18th August, 1992]

PREAMBLE

An Act to repeal the Capital Issues (Control) Act, 1947.

BE it enacted by Parliament in the Forty-third Year of the Republic of India as follows:

Section 1. Short title and commencement

(1) This Act may be called the Capital Issues (Control) Repeal Act, 1992.

(2) It shall be deemed to have come into force on the 29th day of May, 1992.

Section 2. Definition

In this Act, "appointed day" means the 29th day of May, 1992.

Section 3. Repeal of Act 29 of 1947

On the appointed day, the Capital Issues (Control) Act, 1947 shall stand repealed.

Section 4. Repeal and saving

(1) Capital Issues (Control) Repeal Ordinance, 1992 (Ord.9 of 1992) is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under this Act