Section 7: Guarantee Redemption Fund.

The Meghalaya Ceiling on Government Guarantees Act, 2025 (Act No. 5 of 2025)State Act of Meghalaya · Act 5 of 2025

(1) The Government, shall, by notification in the Gazette, constitute a fund called the 'Guarantee Redemption Fund (GRF)'.

(2) The Guarantee Fee charged under section 6 shall form the corpus of the Guarantee Redemption Fund and it shall be remitted in the Public Accounts of the State.

(3) The administration of Guarantee Redemption Fund shall be in such manner as may be prescribed.

Where this provision sits

Act	The Meghalaya Ceiling on Government Guarantees Act, 2025 (Act No. 5 of 2025)
Section	7
Marginal note	Guarantee Redemption Fund.
Jurisdiction	State of Meghalaya
Status	In force as published by the source

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