Premium Development Bonds Act

PREMIUM DEVELOPMENT BONDS ACT. ARRANGEMENT OF SECTIONS. Section 1. Interpretation. 2. Issue of bonds. 3. Administration. 4. Nature of bonds. 5. Consolidated Fund payments. 6. Stamp duty exemption. 7. Draw by lot of bonds before maturity. 8. Maturity of bonds, etc. 9. Exemption from income tax. 10. Disclosure of names. 11. Offences and penalties. 12. Regulations. 13. Directions by Minister. CHAPTER 192 PREMIUM DEVELOPMENT BONDS ACT. Commencement : 23 March, 1964. An Act to provide for the raising of funds for development by the issue of premium bonds and other purposes connected therewith. 1. Interpretation. In this Act, unless the context otherwise requires— ( a ) "bond" means bearer bonds issued under this Act; ( b ) "Treasury" has the meaning assigned to it by section 1(1) of the Public Finance Act. This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article. Home | About Us |--> Terms & Conditions | Privacy Statement | Publishing Services | Contact Us Sitemap --> --> Copyright 2019. Blackhall Publishing. All Rights Reserved. Design and Developed By : Indiafin Technologies Ltd .