(1) The amount of compulsory deposit and interest thereon standing to the credit of any depositor shall not be liable to attachment under a decree or order of any court in respect of any debt or liability incurred by the depositor.
Protection against attachment.
(2) The amount of compulsory deposit and interest thereon standing to the credit of a depositor at the time of his death and payable to his nominee shall vest in the nominee and shall be free from debt or other liability incurred by the deceased or incurred by the nominee before the death of the depositor.
18, No suit, prosecution or other legal proceeding shall lie against the Government or against any officer of the Government for anything which is in good faith done or intended to be done under this Ordinance or any scheme framed thereunder.
Protection of action taken in good faith.
19. Every scheme framed under this Ordinance shall be laid, as soon as may be, after it is framed before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the Schemes to be laid before the Houses of Parliament.
4^4 T H E GAZETTE OP INDIA EXTRAORDINARY [PART II— gfic. i ] scheme or both Houses agree that the scheme should not be made, the scheme shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that scheme.
20. If any difficulty arises in giving effect to the provisions of this Ordinance, the Central Government may, by order, not inconsistent with the provisions of this Ordinance, remove the difficulty:
Power to remove difficulties.
Provided that no such order shall be made after the expiry of a period of two years from the commencement of this Ordinance.
THE SCHEDULE [See section 4(1)] RATES OF COMPULSORY DEPOSIT
(1) Where the current incoma exceeds Rs. 15,000 but does not exceed Rs. 25,000
(2) Where the current income exceeds Rs. 25,000 but does not exceed Rs. 70,000
(3) Where the current income exceeds Rs. 70,000 4 per cent, of the current income;
Rs. 1,000 plus 6 per cent, of the amount by which the current income exceeds Rs. 25,000;
Rs. 3,700 plus 8 per cent, of the amount by which the current income exceeds Rs. 70,000:
Provided that where the current income exceeds Rs. 15,000 but does not exceed Rs. 15,620, the compulsory deposit shall in no case exceed the amount by which the current income exceeds Rs. 15,000:
Provided further that where in the case of any depositor the amount of compulsory deposit calculated in accordance with the foregoing provisions is less than Rs. 100, it shall not be necessary for him to make such deposit-
Explanation—In this Schedule, "current income" has the meaning assigned to it in sub-section (3) of section 4.
V. V. GIRI, President.
K. K. SUNDARAM, Secy, to the Govt. of India.
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