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Section 24 – Public Debt Act,1944

Public Debt Act,1944

Section 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 1[the Government] in respect 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.

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1. Substituted for the words “Central Government” by the Public Debt (Central Government) Amendment Act 1949 (6 of 1949), section 7 (1-4-1949).

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Public Debt Act,1944

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