Section 5, Fiscal Responsibility and Budget Management Act, 2003 [S21-DXH]

As at 6 September 2026. In force from 5 August 2003.

In Fiscal Responsibility and Budget Management Act, 2003 [A11-8JV]. This text from 5 August 2003. 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, Fiscal Responsibility and Budget Management Act, 2003 [S21-DXH]. Machine: S21-DXH.

5. Prohibition of the enforcement of security interest without licence.—No person shall undertake the enforcement of security interest 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 enforcement of security interest 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 45, Fiscal Responsibility and Budget Management Act, 2003 [S21-F5C], 5 August 2003, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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