Section 5, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1G-TV2]

As at 7 September 2026. In force from 29 November 1962 by S.O. 1216(E) [N11-QYW].

In Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [A10-HF7]. This text from 29 November 1962. 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, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1G-TV2]. Machine: S1G-TV2.

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 59, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1G-WHE], 15 November 1961, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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