Public Debt Act : Period of limitation of Central Government's liability in respect ofinterest.

Public Debt Act,1944

Act No : 18

Section : Period of limitation of Central Government's liability in respect ofinterest.

24.Period of limitation of Central Government's liability in respect of interest. Where no shorter period of limitation is fixed by any law for the time being in force, the liability of 4*[the Government] in respect --------------------------------------------------------------------- 1 Subs. by Act 57 of 1956, s. 10, for "a Part A State or a Part C State" (w.e.f. 15th October, 1956). 2 Subs. by Act 6 of 1949, s. 6, for The Central Government " (w.e.f. 1st April, 1949). 3 Subs. by Act 57 of 1956, s. 11, for the States " (w.e.f. 15th October, 1956). 4 Subs. by Act 6 of '1949, s. 6, for "the Central Government" (w.e.f. 1st April,. 1949). --------------------------------------------------------------------- 25 of any interest payment due on a Government security shall terminate on the expiry of six years from the date on which the amount due by way of interest became payable.