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    • 1. Short title.
    • 2. Fixation of limit upto which the State may give guarantees.

The Gujarat State Guarantees Act, 1963

Gujarat Act No. 22 of 1963

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(First published, after having received the assent of the Governor in the ''Gujarat Government Gazette" on the 6th May, 1963.)

LEGISLATIVE HISTORY 6

  • Amended by Gujarat 34 of 1963, dated 20-09-1963
  • Amended by Gujarat 25 of 1964, dated 19-10-1964
  • Amended by Gujarat 14 of 1966, dated 30-09-1966
  • Amended by Gujarat 19 of 1969, dated 18-12-1969
  • Amended by Gujarat 8 of 1972, dated 12-07-1972
  • Amended by Gujarat 2 of 1975, dated 06-08-1975
  • Amended by Gujarat 8 of 1977, dated 11-07-1977
  • Amended by Gujarat 7 of 1978, dated 02-02-1978
  • Amended by Gujarat 9 of 1980, dated 21-07-1980
  • Amended by Gujarat 18 of 1985, dated 03-08-1985
  • Amended by Gujarat 6 of 1989 (w.r.e.f. 02-12-1988)
  • Amended by Gujarat 15 of 1991, dated 18-09-1981
  • Amended by Gujarat 16 of 1994, dated 27-07-1994
  • Amended by Gujarat 1 of 2000 (w.r.e.f. 10-12-1999)
  • Amended by Gujarat 17 of 2000 (w.r.e.f. 11-07-2000)
  • Amended by Gujarat 5 of 2001, dated 30-03-2001

  • An Act to fix the limit upto which the executive power of the State shall extend to the giving of guarantees

    It is hereby enacted in the Fourteenth Year of the Republic of India as follows:-

    1. Short title. - This Act may be called the Gujarat State Guarantees Act, 1963.

    2. Fixation of limit upto which the State may give guarantees. - The limit upto which the executive power of the State Government shall extend to the giving of guarantees (including the guarantees given before the commencement of this Act) as provided in clause (1) of article 293 of the Constitution shall be the sum of [Rs. 200,00,00,00,000].

    [2) The State Government shall within a period of six months from the end of the financial year in which any guarantees are given, lay before the Legislative Assembly of the State-

    (a) a statement of guarantees which may have been given during that year, and

    (b) an account of the local sums which during that year may have been either issued out of the Consolidated fund of the State to meet with liabilities arising out of the guarantees so given or paid in or towards repayment of the same so issued:

    Provided that of the Legislative Assembly of the State is not in session or is not sitting on the date on which the said period of six months expires, the said period of six months shall be deemed to expire on the first day on which the Legislative Assembly first sits after the aforesaid date.]

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