The MIZORAM CEILING ON GOVERNMENT GUARANTEES ACT, 2011
mizoram · 2011
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1Establishes the Mizoram Ceiling on Government Guarantees Act, 2011, to be enforced on a government-appointed date.
- S. 2(1) ‘Government’ means the Government of Mizoram
- S. 3Section 3 limits government guarantees in Mizoram to 25% of Gross State Domestic Product annually and 3% per year, with exceptions for emergencies.
- S. 4Section 4 restricts government guarantees to specific entities and prohibits them for private individuals or institutions.
- S. 5(1) The Government shall charge a minimum of 0
- S. 6(1) The Government, shall, by notification in the Gazette, constitute a fund called the ‘Guarantee Redemption Fund’
- S. 7Section 7 empowers the Government to create rules for implementing the Act and requires them to be presented to Mizoram's Legislative Assembly for review.