The Administrator-General shall, for the purpose of the registration of the claims of foreign creditors convert the sums claimed into Indian rupees at the rate of exchange current upon the date on which any claim is registered, and shall, subject to the provisions of any law for the time being in force regulating foreign exchange, remit, at the rate current upon which the remittance is made, the amounts so converted in payment of such claims.
Section 38: Foreign claims to be registered in Indian currency
The Administrator General’s (Maharashtra) Rules, 1970State Rules of Maharashtra · 1963
Where this provision sits
| Act | The Administrator General’s (Maharashtra) Rules, 1970 |
|---|---|
| Section | 38 |
| Marginal note | Foreign claims to be registered in Indian currency |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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