The Meghalaya Ceiling on Government Guarantees Act, 2025 (Act No. 5 of 2025)
State Act of Meghalaya · Act 5 of 20259 provisions
The enactment
| Long title | An Act to provide for regulation of Government guarantees and other matters connected therewith or incidental thereto. Preamble: WHEREAS it is expedient to provide for regulation of Government guarantees issued on behalf of the Government Departments, Public Sector Undertakings, Local Authorities, Statutory Boards & Corporations and Cooperative Institutions and for promoting fiscal discipline of the State; |
|---|---|
| Type | Act |
| Citation | Act 5 of 2025 |
| Year | 2025 |
| Jurisdiction | State of Meghalaya |
| Ministry | Meghalaya Law Department |
| Status | In force as published by the source |
| Provisions published | 9 |
Full text, provision by provision
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- Section 1 Short title, extent and Commencement.
- Section 2 Definition
- Section 3 Ceiling on Government Guarantees.
- Section 4 Restrictions on Government Guarantees.
- Section 5 Risk Categorization.
- Section 6 Guarantee Fee
- Section 7 Guarantee Redemption Fund.
- Section 8 Responsibility of the Administrative Department.
- Section 9 Power of Government to make rules.
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