section 4
Prohibition.- Notwithstanding anything contained in any other Act,-
The Karnataka Ceiling on Government Guarantees Act, 1999General19997 sections
Statutory text
- (1) no Government guarantee shall be given in respect of a loan of any private individual, institution or company;
- (2) no Government guarantee shall be extended to the Co-operation sector unless the share capital contribution from the non-Government sources is not less than the ten percent of the total equity proposed.
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