Notification S.O. 2577(E), dated 20th February, 1976 [N11-Y9P]
As at 7 September 2026. In force from 20 February 1976.
S.O. 2577(E).—In exercise of the powers conferred by section 10 of the Naval and Aircraft Prize Act, 1971 (59 of 1971), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts pilots whose the ownership of an aircraft does not exceed one lakh rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Director General in writing of the commencement of the ownership of an aircraft within thirty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Naval and Aircraft Prize Act, 1971 (59 of 1971), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Naval and Aircraft Prize Act, 1971 (59 of 1971) [S1N-1NG]. Vires verified.
Acts on (1)
Exempts Section 4, Naval and Aircraft Prize Act, 1971 [S1N-1F1], 20 February 1976. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none