Section 5, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B-7SV]

As at 7 September 2026. In force from 23 August 1951.

In Finance Commission (Miscellaneous Provisions) Act, 1951 [A10-D9M]. This text from 23 August 1951. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 5, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B-7SV]. Machine: S1B-7SV.

5. Prohibition of the drawing and disbursement of funds without licence.—No person shall undertake the drawing and disbursement of funds except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to the drawing and disbursement of funds undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 30, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B-8JM], 23 August 1951, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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