Amendment status not verified — confirm the current text below against the official source.
[(1)] The Central Government may authorise the issue, in such form as may be suitable, of money orders, to be called postal orders or by such other designation as may be deemed appropriate, for certain fixed amounts, and may make rules as to the rates of commission to be charged thereon and the manner in which, and conditions subject to which, they may be issued, paid and cancelled: [x x x x] [(2) The Central Government may also make rules prescribing the maximum limit of amount upto which postal orders may be issued from time to time.] S.45 renumbered as sub-s.(1) thereof by Act 34 of 1970, S. 2. Proviso omitted by Act 34 of 1970, S.2. Inserted by Act 34 of 1970, S.2.